RIL sell off might be temporary: Deepak Mohoni

The big boy Reliance Industries. 4% cut on the news, still to confirm, it is coming from a private site, so not necessarily confirmed but the market is reacting to it...

Deepak Mohoni: Reliance has been actually one of the stronger stocks since early February. So unless this news is confirmed or it is really going to have such a negative impact on the stock, at the moment we should treat it as a short term blip. The intermediate trend in Reliance certainly stays up for quite a while if it stays above 975 or thereabouts. The intermediate trend still remains up and this could just be seen as one off sell off which does not change the trend.