Sell Reliance Communications at around Rs 50-52: Sandeep Wagle

Sandeep Wagle of powermywealth.com told CNBC-TV18, "I am not positive onReliance Communications. I would talk of the stock spending sometime in the next few weeks or months possibly in a Rs 45-52 band and any move towards Rs 50-52, I would recommend a sell. On the downside, were Rs 45 to be broken, maybe the stock can even go to Rs 37-38, so keep a stoploss of Rs 44."Reliance Communications ended at Rs 48.60, up Rs 0.30, or 0.62 percent on the BSE.