Reliance Comm can touch Rs 424-430

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rajat K Bose See what other Experts & Brokerages are saying about ITC See messages about ITC ITC BSE | NSE 10/02/12 Are Mutual Funds betting on ITC? Other Stocks in this news Reliance Communications |

Technical Analyst, Rajat K Bose is of the view that Reliance Communication can touch Rs 424-430.

Bose told CNBC-TV18, "Reliance Communication looks good in fact my expectation is that today it might go up to Rs 424-430 odd levels and it is looking much positive."

He further added, " ITC is coming to its resistance levels; the resistance levels would be something like Rs 165-169 and before that Rs 159 would be another resistance to overcome. But overall the chart pattern of ITC also looks much positive at least if the market were to give its support to ITC then it might well go up to Rs 165-169 in the short to medium-term."