Kapadia told CNBC-TV18, "Very smart recovery in Reliance Industries, single handed it led the market in the bounce back, five trading sessions from the low. Very strong resistance at Rs 2070, 55 DMA at Rs 2050. For the time being atleast if you take 1-2 days point of view, Reliance is going to get heavy and we are going to run into a very strong bout of resistance. On medium term or longer term, I would say a very attractive buy at lower levels."
