Buy Reliance for target of Rs 1040-1055: Nirmal Bang

MUMBAI: Nirmal Bang has advised traders to buy Reliance for target of Rs 1040-1055.

“Buy and hold Reliance Industries with an stoploss of Rs 1,001 and Rs 992. Immediate resistance is seen at Rs 1020 level and if the stock holds above then we can see target of Rs 1040-1,055 in coming days,” the report said.

Note: Trading idea valid for time-period of 1-3 days.