Reliance Capital can test resistance zone of 425-435: Rajat Bose

In a chat with ET Now, Rajat Bose, rajatkbose.com (Technical Check) shares his views on various stocks.

ET Now: What is the call on Reliance Capital?

Rajat Bose: Reliance Capital has moved up from a key support area around 390 today and now it can move up all the way if the sentiment in the market remains good. Thereafter, it can test that crucial resistance zone between 425 to about 435. However, unless we see Reliance Capital crossing 435 and sustaining above that, this move is once again a throwback corrective. This is because in the last 15 days or so, we have seen N number of times that 425 to about 435 rallies in Reliance Capital. So, unless that range is crossed, we cannot think of higher levels.