Buy BPCL, sell Larsen & Toubro: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I am buying BPCL on the long side. I am expecting a level of Rs 747. This is going to be a pullback rally that is a likely possibility because BPCL seems to be showing some traction on the intraday chart. There would be at least a bounce back to Rs 747 kind of levels. So you put a stop loss below Rs 727.50; Rs 744 and Rs 747 are the two targets."

"Larsen & Toubro, after a good rally above Rs 1,750, my target was Rs 1,820. It went to Rs 1,830 and after that it has started sliding. Now what is going on is there is a slight move on the upside but I am not expecting it to sustain. The levels of Rs 1,757 and Rs 1,751 are the two targets and I will put a stop loss above Rs 1,806 and sell at current level," he added.