RIL has resistance at Rs 775-790: LKP

Reliance Industries (RIL) has resistance at Rs 775-790, says Rakesh Gandhi, Senior Tech Analyst, LKP.

Gandhi told CNBC-TV18, "For RIL Rs 775-790 is a strong resistance and if that is crossed then it could enter into a good upward rally and that is the level which one needs to watch and there could be good volumes turning a bit at that point."
He further added, "Reliance Infrastructure is quite a bit down, it made Rs 429 today. The level one needs to watch for Reliance Infra is Rs 450-455, if it manages to cross that levels then it could manage to go upto Rs 480-485 levels." Disclosure: I do not have any personal position.