Hold Reliance Capital, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking.
Kulkarni told CNBC-TV18, "If you actually see the charts of Reliance Capital, then the market has moved up 10%, but the stock has not. So I would ideally say that this is one stock which is consolidating. The stock has had good gains from the levels at around Rs 420, which it saw in the month of February. After that, this stock is moving in this range of Rs 560-600, a good sign of consolidation."
He further added, "Any breakout on the upside, above Rs 600, should be giving you a good move on the upside. So I think it makes sense to hold on. Stoploss on the lower side should be placed approximately at Rs 525 levels."
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