Go long in Reliance Infrastructure: Siddharth Bhamre

Siddharth Bhamre of Angel Broking told CNBC-TV18, "Reliance Infrastructure may also be the beneficiary of doubt about how these infra stocks are moving. This stock is very light in terms of open interest; most of the shorts which were created at much higher level. Stock has been a major underperformer is out of system."

He further added, "We have seen stock is now showing a good upside I will say good momentum on the upside. There is a small resistance around Rs 480-490 zone. We are anticipating that this resistance would be breached and stock would move higher. We do not have very aggressive targets but Rs 518-520 is what we are anticipating and Rs 462 can be stoploss and one can go long."