Rahul Mohindar of viratechindia.com told CNBC-TV18, "Reliance Capital is breaking out over the last couple of days. Very short term I think Rs 492 is a target I would like to be trading in for. So, worth buying into Reliance Capital, stoploss being Rs 460; I reckon this should be a good position to take.”
He further added, “The bank Nifty is probably going to head further up. In ICICI Bank we are looking at near term targets of Rs 362. So, if you are trading for the next couple of days I think buying at around the current levels of Rs 344 would be prudent. Stoploss on ICICI Bank is at Rs 332.”
”Havells India is coming out of the woods. It has settled down after a lot of weeks. At Rs 283 one could go long on it. Very short term targets Rs 293, stoploss at Rs 278 but again if you are looking at the bigger picture on Havells I think the stock is moving to around Rs 310 levels,” he said.
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