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Buy Aban Offshore, Lupin; sell Tata Steel, Khadim too highly priced: Rajat Bose

Rajat Bose of rajatkbose.com is of the view that one can buy Aban Offshore and Lupin and can sell Tata Steel while he feels that Khadim India is highly priced.

November 14, 2017 / 11:20 AM IST

Rajat Bose of rajatkbose.com told CNBC-TV18, "Khadim India actually caters to the middle range segment, not the premium shoes. People also prefer those Hush Puppies and stuff like that. Point is that Khadim sells in the middle segment and it us quite popular there, but from a price point of view, little that I could gather, I find it pretty expensive."

"I would not be buying at these prices even though it is a home-grown Kolkata brand. That may be the case but external investment, it is still too highly priced."

"I am trading three stocks. Two of them are buys and one is a sell. I am buying Aban Offshore with a stop loss below Rs 201 while Rs 206.75 and Rs 208.50 are the two targets."

"Lupin is a positional buy - Lupin November futures, keep stop loss below Rs 797 while Rs 885 and Rs 913 are the two targets. The targets may seem a bit outlandish but the point is that it is a positional trade because it is trading 25 percent below its 200-day moving average. The big fall has already happened. So there could be a pullback," he added.

"Tata Steel is a sell with a stop loss above Rs 702 while Rs 687 and Rs 681 are the two targets for November futures," he added.
first published: Nov 14, 2017 11:19 am
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