Feb 14, 2017 02:59 PM IST | Source: CNBC-TV18

Buy India Cements, sell State Bank of India: Rajat Bose

Rajat Bose of is of the view that one can buy India Cements and sell State Bank of India.

Rajat Bose of told CNBC-TV18, "I have one buy call and one sell call. I would be buying India Cements. Although the stock is showing some weakness in today’s session but during September-October, between Rs 158 and Rs 152, it actually moved in a congestion zone and that might act as a support and the selling momentum is also not very pronounced. So, I would put a stop loss below Rs 153.50 and my target would be Rs 160. It is a day trade."

"State Bank of India is a sell. Although I hold this stock in my personal portfolio as an investment, but for today, one can sell with a stop loss above Rs 273.25 while Rs 262 could be the final target and before that Rs 266 would be a minor support," he said.
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