Reliance Industrial Infra in a downtrend: Ashwani Gujral, Market Strategist

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about Jai Corp and Reliance Industrial Infra.

Jai Corp is up 20% and Reliance Industrial Infra has also done fairly well. For somebody who has caught into these stocks, are there more upsides on these?

Jai Corp tends to do whatever Reliance Industries tends to do. So 130 is a support here. It can get up to levels of 185-190 but it is in a downtrend.

Reliance Industrial Infra is Mukesh’s company and this is more expectation. 550 is a kind of stop and in this kind of a buzz, it can go up to levels of 750 odd. But this is in a downtrend. So people should be cautious of riding these moves. They can stay for a couple of days but then tend to peter out.