Buy Reliance Industries, says Mitesh Thakkar

Mitesh Thakkar of miteshthacker.com told CNBC-TV18, "For Reliance Industries I have been saying that the aggressive targets on the street are over Rs 1,600-1,650 and in the next few quarters, they will all be positively surprised. That view still remains."

"We will still look at Rs 1,800-2,000 kind of target in the next few months. But even on a short-term basis, what happened was that a very strong rally took place after the stock corrected to its 20-day average. Now it becomes a fresh buy. It has managed its highest ever closing, so keep a stoploss below Rs 1,300 and Rs 1,375-1,380 could be the first port of call," he added.Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.