RNRL can go upto Rs 104-108: Bose

Technical Analyst, Rajat K Bose is of the view that Reliance Natural Resources, RNRL can go upto Rs 104-108.

Bose told CNBC-TV18, "RNRL has advanced in two days so much so, my mind tells me you cant take a long position and actually that was the reason why I chickened out today in actually giving a buy call on this, but unless it falls below Rs 94 it can still try to move up and go to Rs 104 once again or even a Rs 108 but for RNRL the major crucial level would be Rs 114 to about Rs 120, so if momentum continues we might see it going to something like Rs 119 or Rs 123 odd levels."

Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors discussed.