Reliance Capital may decline to 700 levels: Edelweiss

Jitendra Mehta, technical analyst, Edelweiss, in a chat with ET Now talks about Reliance Capital.

What are your views on Reliance Capital, Max India and a Bajaj FinServ?

In fact there is so much of similarity in the stocks you named. Reliance Capital is in a downtrend and the stock did not participate at all in the up move and has been showing a lot of weakness of late. We expect it to decline close to 700 levels in days ahead and possibly one would just trade short in this stock and look at more downsides from here.