RIL has support at Rs 1000: Bhamre

Reliance Industries (RIL) has support at Rs 1000, says Siddharth Bhamre of Angel Broking.

Bhamre told CNBC-TV18, "I will be positive on Reliance. The stock has been in a range of Rs 1,000-1,100 on the higher side. The correction from Rs 1,080-1,090 is completely on the back of long unwinding and we are not seeing much of cash based selling also in cash market." He further added, "At the same time we feel that there might be some ETF selling, which might happening and Reliance would be part of it and that