Reliance Capital looks good: Gujral

echnical Analyst, Ashwani Gujral feels that in terms of the financials, Reliance Capital seems to be the best.

Gujral told CNBC-TV18, "Reliance Capital seems to be showing a lot of strength. It bounces up every time from Rs 1,000 and tends to find resistance around Rs 1,480 to about Rs 1,500. The day it crosses those levels, I think it could have a sharper upside. In terms of the financials, Reliance Capital seems to be the best."

He further added, "IDFC is reaching levels that it saw two-three years back, so that’s in the midcap category, it will have bounces but not substantial ones. I think resistance is now around Rs 90 and it has got support around Rs 71. So you would probably ignore that and concentrate more on ICICI Bank and Reliance Capital."