Rajat Bose of rajatkbose.com told CNBC-TV18, "I have two trading ideas. One is Bajaj Finance. My stop loss is below Rs 1,645. I am buying the stock and targets are Rs 1,682 and Rs 1,695."
"I am selling Bajaj Auto March futures with a stop loss above Rs 3,075 and the target is Rs 3,006 and Rs 2,976. I do not see the stock sustaining above Rs 3,050 to about Rs 3,075 range and hence this sell call."
"One auto ancillary I like is Endurance Technologies. It is a good medium term pick. It is actually headed for much higher levels. One year target for me would be Rs 1,750 and you can put a stop loss wherever you are comfortable, anywhere around Rs 1,200 or so."
"Ashok Leyland is showing some traction. If it were to maintain above Rs 139-140, then it is headed for say Rs 153 to about Rs 156. In fact it could even go forward to something like Rs 175-180. However, any position that you take, if you buy for delivery, your stop loss should be below Rs 130 because if it were to fall again below Rs 129, then it would become weak again and it can slide down even further," he added.
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