Reliance should do reasonably well: Parag Doctor

Parag Doctor, Associate Vice President Senior Analyst Technical Equities, Motilal Oswal Securities in an interview with ET Now talks about RIL.

Your other picks Reliance Industries, JSW Steel, Bharti, Infosys take us through those as well?

Reliance Industries has been a major under performer for the last several months and it has been more or less in the range between 950 to 1150. Again it has started recovering from the lower end of the range. I think it bottomed out around 970-980 and we feel at this point of time it has enough room to go back to the top end around 1150 levels and even ONGC has been doing reasonably well and with rising crude.

Also we feel that Reliance should do reasonably well. As far as JSW Steel goes that stock has corrected very sharply from about 1400 levels all the way back down to 1100 and near very strong buying has emerged from these levels and we feel it can easily go back to about the 1250 to 1280 kind of zone.