Buy Reliance Industries at Rs 825: Gopi Suvanam

Gopi Suvanam, Founder of InvestWorks told CNBC-TV18, "Reliance Industries is a very range bound stock. I don’t think anything significantly change in the last one month for it to go to Rs 825 levels. So it looks good from a range trading perspective. So buy at Rs 825 and sell at Rs 880 levels and buy back when it dips. That is the kind of fringe trade that I am looking at in Reliance."

The share touched its 52-week high Rs 927.90 and 52-week low Rs 765.00 on 19 July, 2013 and 28 August, 2013, respectively.

Disclosure: Analyst holds some RIL shares.