Reliance may test Rs 890-900, says Rahul Mohindar, Director, viratechindia.com.
Mohindar told CNBC-TV18, "I don't think Rs 855 is really such a major block hold for Reliance. We might move to about Rs 890-900 which is the previous November peak that it has seen now. What remains to be really questioned is will it break out of Rs 900 or not. So I am fairly comfortable on Reliance, I don't think we have got any major hiccups on the way."
He further added, "If you look at Hindalco too here also I would be fairly positive. Metals as a space look interesting. We have lost quite a few levels. No specific target that I'll align to over here because again it looks like there is a cap upside may be 4-5% amongst most metal stocks."
