Buy Reliance Industries at around Rs 1,160-1,170: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Reliance Industries will re-enter its Rs 1,100-1,200 range. So, somewhere around say Rs 1,160-1,170 if it gets back there, that would be a good point to buy it.""Finally, for the longer term trader, it has now become a buy on dips type of stock and one that will probably hit previous highs and probably go even further because after eight years wait of fairly dormant cycle chances are it is now beginning to expand," he said. Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.