'Rs 800 target on Reliance Capital, stop loss Rs 758'

In a chat with ET Now, Devang Visaria, chief strategist, Devangvisaria.com, talks about the outlook of the ADAG pack.

The ADAG pack is under pressure in trade today. What is your sense?

Barring Reliance Capital, you see very strong selling in most of the stocks today. Reliance Infra is at Rs 1,150 and you could possibly see it sliding to around Rs 1,100 1,090, that's a very strong support for this one. On the other hand, if it is on the upside, it were to get past Rs 1,175, you could see a pick up in momentum but not much of a trading seen around most of the stocks right now barring Reliance Capital where you could have possibly a long trade going for targets of closer to Rs 800 with a stop loss just below Rs 758.