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Buy Reliance Capital on dips: Mohindar

16 Jul 10 02:43 PM
Money Control
Buy Reliance Capital on dips, says Rahul Mohindar of Viratechindia.

Mohindar told "Reliance Capital can definitely appreciate. In that Rs 805 is an immediate short term resistance, we are sitting at those levels, so probably would you invest on any kind of a pull back. So Rs 780- 770, that’s the region, which I would to look at an entry point, but I wouldn’t really try and rush in and buy at current market levels."

He further added, "On the whole the stock can move to about Rs 880-890 levels, with a six months plus timeframe. So certainly look at the buy on dip strategy on the stock. I am bullish on this one, so I would recommend a buy."