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Buy Capital First, sell Apollo Tyres: Rajat Bose

Rajat Bose of rajatkbose.com is of the view that one can buy Capital First and sell Apollo Tyres.

May 09, 2017 / 14:43 IST

Rajat Bose of rajatkbose.com told CNBC-TV18, "I have Capital First as a buy call. I would put a stop loss below Rs 759; Rs 783 and Rs 790 are the two targets and if exceeded then it can even move higher."

"The other stock that I have chosen is a sell call. I am taking its May Futures, Apollo Tyres. It is actually looking pretty weak. I would put a stop loss above Rs 242.10 and Rs 230.50 and Rs 227 are my targets. If the targets are not met today, one can carry the position there," he said.

"In Capital First, there is every sign that its correction is getting completed. So, even Capital First can be carried over if the targets are not met today."

first published: May 9, 2017 02:40 pm

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