RIL may reach Rs 1080: Vinith Jain

ET Now spoke to Vinith Jain, Director, Siddh Capital, on his views on the market.

ET Now: What is your outlook on RIL?

Vinith Jain: Reliance Industries is trading very close to a very strong trend line. The trend line which has been holding in the upside in the stock from July last year.

So a very strong trend line and a bounce from here is quite likely. 1080 could be possible. One should still take care that if the stop loss is below 970. The stock could turn weak and we might see substantial downside after that.