Buy SAIL, says Bose

Technical Analyst, Rajat K Bose is of the view that one can buy SAIL. Another 8-10 point’s bounce might be there on the cards.

Bose told CNBC-TV18, "If somebody were to buy Mundra Port yesterday morning, it would have been great but. Now only long-term investors can take a call after this kind of a rise. So definitely it is not a trader’s buy here. If you ask me how the long-term chart is looking-if you are willing to accept a lot of volatility then definitely you can take a look at it but from a short-term trader’s point of view it is not a buy."

He further added, "In SAIL below Rs133 one should put a stoploss. One can buy here, another 8-10 points bounce might be there on the cards and once it crosses Rs 151 we will take a fresh call on that on the upside."