Technical Analyst, Ashwani Gujral is of the view that one can buy Reliance Power at Rs 350-360.
Gujral told CNBC-TV18, "The volume on Reliance Power is still extremely low. It would really pick up once it goes pass its listing price, which is some sort of a resistance. People did not really buy at Rs 350-360 because this news was not expected but clearly till Rs 450 is crossed it will face pressure on the downside. Once Rs 450 is cleared, it could move up another Rs 100. But, that could be a fair way away till that supply is sucked up. At dips probably Rs 350-360, it is a buy."
Source: Moneycontrol.com
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