Reliance MediaWorks looks good: Devang Visaria

ET Now spoke to Devang Visaria, Chief Strategist, devangvisaria.com, in a chat with ET Now talks about Reliance MediaWorks.

Talking about the media stocks like Cinemax, Inox, Reliance MediaWorks right now on the charts, is there any value left in them?

Reliance Media still looks good but I would prefer to buy it on a correction possibly at 260-250 range if you were to get it. I think that would become a very strong support for this stock. Also, right now, it is in the F&O ban period. So possibly at a small dip you could again venture into this one. On the upside medium term levels we are looking for 330-350 but that would possibly a 2-week call.