Buy RBL Bank; Reliance Industries may test Rs 1620: Yogesh Mahta

Yogesh Mahta of Motilal Oswal told CNBC-TV18, "As far as expiry is concerned, for the next half an hour, it seems RBL Bank which was very not in the limelight for the whole month, seems that since last two days it is in momentum and increasing interest showing that Rs 540 is the current price. One can buy, Rs 555 would be the target keeping a stop loss of Rs 535."

"Reliance Industries post announcement yesterday crossed Rs 1,580 which was the hurdle. So Rs 1,590-1,592 is the level it is currently quoting at. Keeping a stop loss of Rs 1,580 again, one can look at a price target of Rs 1,610-1,620 levels," he said.

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