Reliance Industries has target of Rs 1080, says Anu Jain, India Infoline.
Jain told CNBC-TV18, "I think the word Reliance itself is working, so it’s not just Reliance; it’s the whole ADAG pack where the word Reliance is. Reliance as such we were discussing last week and we said that Rs 1,048 to Rs 1,050 looks likely and its knocking right there."
She further added, "If it were to hold on to this level, there is resistance at this level but the fact that on a day like yesterday it got managed to on the futures, touched those levels is definitely showing strength. It can face some selling pressure here but the next target is Rs 1,080. So the momentum can pull it up there, definitely looking strong, any dip should be use to get into this stock."
Jain told CNBC-TV18, "I think the word Reliance itself is working, so it’s not just Reliance; it’s the whole ADAG pack where the word Reliance is. Reliance as such we were discussing last week and we said that Rs 1,048 to Rs 1,050 looks likely and its knocking right there."
She further added, "If it were to hold on to this level, there is resistance at this level but the fact that on a day like yesterday it got managed to on the futures, touched those levels is definitely showing strength. It can face some selling pressure here but the next target is Rs 1,080. So the momentum can pull it up there, definitely looking strong, any dip should be use to get into this stock."
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