Buy Biocon, Ashok Leyland: Rajat Bose

Rajat Bose of rajatlbose.com told CNBC-TV18, "Biocon which, as a disclosure, I personally hold some shares of this company in my investment portfolio. The stock, on March 3, touched a low of Rs 1,017. Exactly two months hence, on May 3, it touched a low of Rs 1,017. At the same time, it showed a relative strength index (RSI) support yesterday and also in the last hour yesterday, it gave on the 60-minute chart, a buy signal. From there, it has rallied, but it still has some more headroom left. I would say Rs 1,079 to about Rs 1,089 would be the kind of levels to watch out for. You put a stop loss below Rs 1,045 and buy at current level."

"The other stock where I see a short-term reversal is Ashok Leyland. You put a stop loss below Rs 82.50, currently trading at Rs 83.50 while Rs 85.50 to about Rs 87 should be your upside target. So, these two buy calls are now, what I am offering,"  he added.