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See upside in Reliance Infra, Reliance Capital: SP Tulsian

SP Tulsian of sptulsian.com is of the view that one can see bounce in Reliance Infra and Reliance Capital.

January 19, 2016 / 16:27 IST
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SP Tulsian of sptulsian.com told CNBC-TV18, "Another round of rally will definitely come because you of the kind of erosion which we have seen in the ADAG stocks, about 20 percent. If you take the case of Reliance Infra, Reliance Capital and Reliance Communications, add Pipavav Defence also, all formed a peak on January 2 or January 3. Since then, it has corrected by about 16-20 percent.""Reliance Infra and Reliance Capital have seen that kind of volatility because on the technical parameters if you see, all the weak hands have exited in this last three or four days when the carnage has come because of the margin problems and all that. So, you cannot say that all the weak hands were only holding the position. So, the strong hands will definitely be taking advantage and again you will be seeing a jump coming in Reliance Infra and Reliance Capital by expiry," he said.

first published: Jan 19, 2016 04:11 pm

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