Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "I am not impressed with Reliance Industries' 1-1.5 percent move. To make those large moves, big money has to come in. it has to move 2-4 percent and that is what will provide momentum to the market to Reliance. Yes, it is moving up, possibly will cross Rs 1,450 but again there is enough on both sides."
"For the day, you will have most ideas on the upside. Reliance Capital is a buy with a stop loss of Rs 657, target of Rs 680. Vedanta is a buy with a stop of Rs 256, target of Rs 272. Gruh Finance is a buy with a stop of Rs 450, target of Rs 475. Ashok Leyland is your stock of the day because that is where you can get continuation. That is a buy with a stop of Rs 98, target of Rs 110. Jindal Steel & Power is a buy with a stop of Rs 126, target of Rs 138," he said.
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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