Reliance Infra looks strong: Anu Jain

Reliance Infrastructure is looking strong, says Anu Jain, Sr Vice President - IIFL Private Wealth Management.

Jain told CNBC-TV18, "The highest beta and 2 weeks back at Rs 410 I said that Reliance Infra was a good pick and now it is almost at Rs 528 so you have got 20-25% move in 10 days. But amongst the whole pack Reliance Infra chart is the strongest just like how we were discussing in Zinc and metals. This is one chart which has taken off it's resistance over that Rs 517 zone. So if it were to survive Rs 517 in any kind of pull back correction, so you can then see it going up to Rs 577. If it breaks the Rs 517 then the bets are off. Then it could probably first go to Rs 490, check that level and move accordingly. So, given between Reliance Capital, R Infra, Rel Comm, Reliance Power I think that