Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Reliance Industries is one stock I have been extremely bullish upon and recommended it time and again. I think we are now very close to the earlier levels of Rs 1440 which is where the stock had peaked around on daily closing basis. However after taking a few days of consolidation around these levels I suspect this leg of upmove itself should see Reliance head towards Rs 1550-1600 levels. So, extremely bullish on RIL."
"Larsen & Toubro (L&T) has been sideways for about 2 and half months since mid-April. I think the stock is doing a range of about Rs 1800 to roughly about Rs 1700. I don’t see much change happening over here. The stock indicators are very flat. So, I would believe that this range will continue. Ideal way to trade would be to try and buy towards lower end of the range around Rs 1720-1715, keep a stop loss below Rs 1695 and look for a bounce back to about Rs 1780-1800 to exit," he said.
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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