“Its difficult to say where the NIFTY will be by December because there could be intermittent corrections. Overall the trend remains up. His problem is that he has bought the wrong stock if he has a 3 month kind of view. Reliance Industries is an underperformer. If you have to be for 3 months you have to be in an outperformer something which is at new highs which would include Banking, Consumption, Agri those kind of themes. Reliance Industries has been unable to take out, may be highs, which it made before the judgment even after all this rally. So Reliance Industries is a longer term call right now. Its not a 3 month kind of call he needs to move his sectors in case he only has a December type of view and he is making decent money. Reliance Industries could easily come back to a Rs 1020 in case the market corrects. So we have a trading kind of view, Reliance is probably done for a while."
RELIANCE INDUSTRIES could easily come back to a Rs 1020 in case the market corrects.
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