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Last Updated : Mar 03, 2017 01:07 PM IST | Source: CNBC-TV18

Sell Jain Irrigation; buy Bharti Infratel, bullish on RIL: Wagle

Sandeep Wagle of is of the view that one can sell Jain Irrigation Systems and buy Bharti Infratel while he is bullish on Reliance Industries.

Sandeep Wagle of told CNBC-TV18, "I would go with a sell in Jain Irrigation Systems which has given a very clear break down. Sell it with a stop loss of Rs 91 for target of Rs 85, a two-three days kind of a view. I would be bullish in Bharti Infratel, buy it with a stop loss of Rs 296 for target of Rs 312, a one-two days view."

"I am extremely positive on Reliance Industries though the short-term charts today, I expect them, to move and go beyond Rs 1,300. It may still go in the afternoon. We are seeing some kind of a correction at higher levels."

"In the next few weeks or months, I am talking of Rs 1,350-1,380 as  target and in the next six to twelve months, Reliance will see beyond Rs 1,500 target and on the downside Rs 1,130-1,140 is a cap. I don’t see that being broken," he said.

Disclosure: Reliance Industries owns Network 18 that publishes

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First Published on Mar 3, 2017 01:07 pm
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