Buy Siemens; sell ICICI Bank, stock looks weak: Rajat Bose
Rajat Bose of rajatkbose.com is of the view that one can buy Siemens and feels that ICICI Bank looks weak and advises selling the stock.
Rajat Bose of rajatkbose.com told CNBC-TV18, "I have chosen two stocks, one is a buy in Siemens. I would put a stop loss below Rs 1,090 and the target would be Rs 1,113 and Rs 1,122. The stock that I am selling is ICICI Bank I would put a stop loss above Rs 262.70 and on the downside I am expecting Rs 256 to about Rs 254.50."
"ICICI Bank looks pretty weak. In fact it is one of the weakest banking stocks today," he added.