Apollo Hospitals may test Rs 1330; bullish on Balkrishna Industries: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I have picked up two stocks. One is Apollo Hospitals. I would put a stop loss below Rs 1,240 and my target would be Rs 1,300-1,330. Stop loss of Rs 1,240 is on closing price basis. Current movement especially in today's session suggests that the downtrend is likely to be halted at today’s low only and there would be another pullback rally here."

"Just Dial is currently around Rs 529. I would put a stop loss at Rs 510 and my target would be anywhere between Rs 550 to about Rs 560. You can carry forward both the trades because they are likely to meet those targets eventually. Just Dial yesterday added a lot of open interest and the current setup suggests that its intermediate correction is fully through and it is bouncing back close from its 200-day moving average," he said.

"Apart from that, another stock that I am bullish on is Balkrishna Industries. It looks pretty good, it made an all-time high today and that all-time high is likely to be breached. Disclosure has it that I personally hold Balkrishna Industries in my portfolio. It is a buy at any dip because this year the company is going to be debt free, it has already doubled its capacity to 300,000 metric tonne and its margins are way better, 3-5 percent, and it has got presence in 120 countries with 200 distributors. It is one of the best companies in its category," he added.