RComm may test Rs 118-120: Abhijit Paul

Abhijit Paul, founder of Alphative Advisors told CNBC-TV18, "Reliance Communications (RComm) has played fairly well over the last 6-8 months, but from a very short-term point of view if it closes below Rs 130 mark the possibility is fairly high that it can extend further down."

"I am looking at a target close to Rs 118-120 and for such a short trade one can use a stoploss close to Rs 136," he adds.

Disclosure: He does not hold the stock that he has mentioned, but he does recommend the stock to his clients and they might have their positions.