Buy Reliance Capital: Sudarshan Sukhani

Sukhani told CNBC-TV18, "Reliance Capital is a high beta stock but it seems to have found its lower levels, Rs 270-280 is the bottom that we are seeing and it is very likely that it will hold. Currently the stock build a base, broke out, corrected and now renewed its advance. That correction could be a flag, is often midway suggesting a target of Rs 410 or even Rs 415 or Rs 430 eventually."

He further added, "The Reliance Capital targets are Rs 377-380 for the current one-two day upmove or if it gets postponed for two-three days. But the stock is a buy."