Buy Reliance Power with stop loss of Rs 142: Vinith Jain

ET Now spoke to Vinith Jain, Director, Siddh Capital, on his views on the market.

ET Now: Your view on Reliance Power? How would you trade this stock?

Vinith Jain: Reliance Power has been trading in a range of Rs 25 to Rs 30 for quite sometime now. Since November last year, the stock has been in that range.

The accumulation in the stock would have got over and the current rally, the rally which started at 138, gives that impression that the accumulation would have got over. One should be buyer here with a stop loss of 142. 190-195 is very likely.