Buy Reliance Industries around Rs 750-755: Baliga

Ambareesh Baliga, Market Analyst advice traders to buy Reliance Industries around Rs 750-755.

Baliga told CNBC-TV18, “One of the few stocks on which I am positive this time but then if the market overall is weak then you cannot expect Reliance Industries to go against the market although it could be a leader going ahead. So the downside for RIL, assuming the markets continue to be weak is about Rs 750-755. At those levels I would again start buying.”
He further added, “In the past few weeks I have been asking people to buy Dishman Pharmaceuticals although we have seen this stock moving up from Rs 60-65 levels in the last month, month and half. But I feel that the upward move is still very much intact looking at the turnaround which this company has shown. I have price target of Rs 140-145 for the Dishman. That should be achievable in about 4-6 months. Shasun Pharma is other company which I have been tracking and there also I have a price target currently of about Rs 195-200.”