Buy call on Reliance Infrastructure: Rajat Bose

Rajat Bose, rajatkbose.com, in a chat with ET Now, gives his call on ADAG stocks


What is the call on ADAG pack?

Among the ADAG pack if you notice that there are two counters - Reliance Infra and Reliance Capital, which show considerable strength normally. So given that, I would say that if Reliance Infra were to move above say Rs 589 and sustain there, then you can put a stop below Rs 586 and expect Rs 593 to about Rs 595 on the upside. For Reliance Capital one can initiate a long trade with a stop below Rs 384 and expect Rs 389 to about Rs 391 on the upside, that is the possibility but if 5231 is not breached and sustained by the index, these buy calls would not really matter much.