Reliance Infrastructure may test Rs 404-410: Abhijit Paul

Abhijit Paul of Alphative Advisors LLP told CNBC-TV18, "Reliance Infrastructure used to be up and awake kind of stock long time back. The stock has not actually performed that well over the years but from a short-term trading point of view what has happened is it has been within a 50 point range and this range has been taped by Rs 310 and Rs 360 on the upside for quite some time. With the recent move it has managed to stay above that."

"If it stays above Rs 360 for the week then I can expect the stock to extend further up and on the upside from a short-term point of view Rs 404-410 is a possible target for it," he said.