Reliance Ind may fall to Rs 804 in near-term: Mohindar

According to Rahul Mohindar of Viratechindia, Reliance Industries may fall to Rs 804 in near-term.

Mohindar told CNBC-TV18, “You have seen a pullback today in something like ICICI Bank. You are looking at some kind of a minor upside in some of these private sector banks. My own sense is that Bank Nifty looks weak. We probably will hit somewhere between 10700-10800. So you might look at selling into some of these stocks over tomorrow. What I would also look at tomorrow would be something like Reliance Industries which has really broken Rs 820 on a close basis which sets up a target of about Rs 804 in the very near-term.”