RCom, Reliance Infra, Reliance Capital may fall: Kulkarni

In Anil Dhirubhai Ambani Group (ADAG) pack Reliance Communications, Reliance Infrastructure and Reliance Capital are expected to fall, says Shardul Kulkarni of Angel Broking.

Kulkarni told CNBC-TV18, "Most of the counters except for prime quality stocks like Housing Development Finance Corporation (HDFC) and HDFC Bank the entire market has actually just given a bounce, so we are in that phase of looking at individual stocks wherein one can go short. ACC is one of those counters wherein there is a probability of the stock moving lower. It has been in a very strong lower top, lower bottom cycle and in spite of the market giving a very strong bounce the stock has hardly managed to move from Rs 1,200-1,240, so I think that is one counter wherein one can look at probability of a downside." He further added, "The another space wherein we feel that there is a possibility of down leg is the Anil Dhirubhai Ambani Group (ADAG) pack wherein you are seeing Reliance Communications, Reliance Infrastructure, as well as Reliance Capital - all showing a very strong lower top lower bottom cycle. So I think it depends on the market conditions. If the market breaks 5920 then, these are the stocks which one can look at."