Atul Badkar, VP - Institutional Equities - Derivatives Desk at Edelweiss Securities Limited told CNBC-TV18, "In this market it is always safer to stay with largecaps and Reliance Industries is almost like a proxy to the index. So, by and large the Rs 800 level or Rs 780-800 range should hold in Reliance."
He further added, "We have been seeing investor interest to buy the stock on dips. From futures and options (F&O) perspective we haven't seen too much, but it is relatively safer stock to be in. If you see a sustained rally, this stock will not give the excess returns, but at least there will not be any capital erosion, which is why Reliance and Bharti Airtel are relatively safer stocks to be in."
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