Reliance Industries has support around Rs 690, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Charts for Reliance Industries are weak and they are underperforming the Nifty and we now have support at Rs 690. If that support breaks this time, I think Reliance is moving lower. With Infosys already lower - that will put question marks on the broad market. We will see what happens if that may not occur, but Reliance is not a play on the long side. It is better to focus on the Nifty. Focus on the banks, on the other major - Bharti Airtel , ITC . It's better to leave Reliance."
He further added, " State Bank of India (SBI) I think is ready for another up move tomorrow and the markets will do what they do but it's a buying opportunity."
