Reliance Industries has target of Rs 880, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Reliance has broken out of a bullish head and shoulder that gives a target of Rs 880. I am reluctant even to speak it out because Reliance was given up for a sideways move for god knows how much time. It can't come down, it can't go up but apparently it is going up."
He further added, "I would be very afraid of buying GVK now. It has run up a lot. It is far better to let it go, if it goes up good for it but trading is not possible in such run up stocks you have to wait patiently for the stocks to consolidate, correct do whatever they want but they have to let off steam. Sintex is now probably bottoming out. It is building a base for itself and moving up and down but the chances are that it has made its lows so there is trading on the long side possible in Sintex."
