Manoj Murlidharan Vayalar of IIFL told CNBC-TV18, "Reliance Industries is one of those scrips, if you see even the last week money poured in very late, but the quantum of money which came into the cash based volume in the last 7 days was quite decent and we have seen good delivery happened. Though there were two instances where supply was happening, but fortunately that supply was not even 15 percent of the net delivery buying that has happened."
He further added, "Reliance Industries has a good move that still left. Even for this expiry, it can be a good at Rs 848-852. So we are expecting a good 20-30 more points. Even intraday today I guess the weighted average price of Rs 812 should be a good stop loss. One can still go long and as I was saying Rs 842-850 is what you can expect in that."
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