Rahul Mohindar, viratechinida.com is of the view that Reliance Industries has resistance at Rs 1100-1150
Mohindar told CNBC-TV18, "We have seen the right kind of move for Reliance, it consolidated for a good two weeks and then we broke out of key levels, what is important to note is that we probably could go back to Rs 1100-1150 area which has been the key resistance even over the last 6-7 months and that's key spot you want to definitely check whether we break out of that to get a longer term breakout. But my sense is that yes we are headed to 1100 plus kind of levels and it would be a trading favourite in the short term."
He further added, "I am also pretty bullish on technology, so frontlines like Infosys would be in my picks even for that matter stocks like ACC. So there are a lot of driving forces which could take this index a little more and probably give it some significant short term headroom."
