Reliance Industries can test Rs 900: Sukhani

Sukhani told CNBC-TV18, " HDIL has gone up and luckily I assume today it is going to cool down. I think you want to buy them. See the trend has not changed just in one day; this 5030-5040 could have come slowly by correction that could have lasted more than one day. It just happened; it is getting clustered suddenly, which doesn’t matter. It is a normal correction so far, so high beta momentum stocks should be bought into. The point only is when? So we want to buy when we have a sense that the markets have stopped falling and are now consolidating."

He further added, "For Reliance Industries we have a trading resistance between Rs 850-900. So the stock could certainly make an attempt to go towards Rs 900 again. I think it will do that. So it is a buy again."