Traders may buy Reliance Infra around Rs 530: Sharyans Resources

In a chat with ET Now, CK Narayan, President Treasury, Sharyans Resources, shares his trading calls.

What is the call on Reliance Infra?

Volatility is all that we can play in Reliance Infra. The stock is in a sharp and severe downtrend. You will see these periodic upsides mainly because it is one of those high beta and trader patronised kind of stocks. Any dip down to about Rs 530 levels should be used to buy by traders. On the upside, it might have a range up to about Rs 600-625. So, in a few weeks, we may see a range between Rs 525 to Rs 625, which would keep the stock within the range or within the ambit of traders alone.