Buy Reliance with a long call option of 1120: Devang Visaria

ET Now caught up with Devang Visaria, Chief Strategist, Devangvisaria.com, to get views on Reliance.

ET Now: 18000 has any significance to you on the charts and do you think charters really pay that much attention to that level anyway?

Devang Visaria: I do not think it has so much significance, more of a psychological kind of thing, makes you feel good you are at 18000 rather than at 17950, hardly 50 points.

ET Now: On the charts given this morning's move, how would you play Reliance?

Devang Visaria: Reliance, bias should continue to be on the upside and you could go and buy a long call of 1120 or get it for Rs. 25-30, a decent way to trade Reliance on the long side.