Reliance Infra, Reliance Cap may give 4-5% gains: Tulsian

Reliance Infra and Reliance Capital may give 4-5 percent gains in this next two days or so, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “Nifty, at this level will get held till tomorrow because ultimately the Infosys results will decide the trend going forward but I am expecting little caution ahead of the Infosys results. I don’t think that Infosys will be able to cheer the market but the weakness whatever we may see in Infosys which is expected again on Friday may get offset by the increase in some other stocks maybe like automobile because automobile seems to be now have bounced back or maybe the cement can lend the support to the Nifty.”
He further added, “Nifty- 5,500 level looks good but I look to play in some odd counters maybe like Century Textile, Hindustan Oil Exploration Company or maybe the Anil Dhirubhai Ambani Group (ADAG) stocks. Sudarshan has said of Reliance Communication, I agree with Reliance Communication that maybe an increase of about 5-6 percent can be looked into but I will be taking more view on the stocks like Reliance Infrastructure and Reliance Capital for a gain of about 4-5 percent in this next two days or so.”