580-585 is a decent level to get back into Rel Infra: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about ADAG Group stocks.

ET Now: Your technical assessment for ADAG Group stocks for the week and then for the day?

Ashwani Gujral: Well they are likely to be in some kind of a range so in case people want to buy I would advice them to buy only at the bottom end of the range and not try to chase prices even in ADAG. So in case they get Reliance Infra around 580-585 that should be a decent level to get back into Reliance Infra and trade it up back towards 670-700 because some kind of basis need to formed before they can have sustainable rallies. RComm try to buy it around 90-95 so that you get those 10%-15% on the upside. Similarly on all ADAG stocks like Reliance Capital wait for a decline towards 530-540 before you get back into them.