RIL can shed Rs 100: Bose

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS RIL, RPL good buy at lower level: D Mehta RIL to start crude production from KG basin next month Reliance a safe pick in Oil: Dutta RIL to invest $23mn to work on Cauvery assets, stk up ALSO READ See previous views by Rajat K Bose See what other Experts & Brokerages are saying about Reliance See messages about Reliance Reliance BSE | NSE 10/02/12 Are Mutual Funds betting on Reliance?

Technical Analyst, Rajat K Bose is of the view that Reliance Industries , RIL can shed Rs 100 from the current level.

Bose told CNBC-TV18, "I am pretty much negative on Reliance Group of stocks be it Anil Dhirubhai Ambani Group (ADAG) or be it the other group. Reliance the pivotal itself is looking pretty weak it can even shed 100 points from the current level."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.