Buy Reliance Industries 1100 Call: Sahil Kapoor

Sahil Kapoor of Edelweiss Financial Services told CNBC-TV18, "It has been quite some time that Reliance Industries (RIL) has shown this kind of momentum, plus the price move and the volume in open interest is one of a kind for quite some time. So, there is a possibility that it will go and touch Rs 1,100 in the next expiry.""I am suggesting a buy on 1,100 Call for August series, closer to Rs 20-23 range with target of about Rs 40. So, it is a good trade on the long end because that is a stock which is going to take the Nifty higher," he said.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.