If largecaps start catching up, the broad market may not cool off immediately: Rohit Srivastava

“Reliance Industries needs to really participate and get the momentum going. It is trailing at around Rs 2,400. That is also the point at which it had broken out from its one year falling channel. We are watching very closely whether that support holds because once the momentum picks up, then we will actually get further addition to the index pretty quickly.”