Technical Analyst, E Mathew is suggests to sell Reliance Capital.
Mathew told CNBC-TV18, "Reliance Capital is not looking as weak as some of its peers from the same sector. But honestly I don’t know what sort of a trading stoploss one would keep in this. That is the difficult point because to me the nearest support looks like about Rs 1260, so with that sort of a strong support zone, at least I wouldn’t initiate a buy but maybe on declines one could look at this with a very tight stoploss of around Rs 1250 or Rs 1260. But as of now its best to ignore this and those who are holding this stock may sell out now and try to repurchase it."
Disclosure: It is safe to assume that in the above stock analyst's associate company/clients/I may have trading positions.
Source: Moneycontrol.com
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