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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
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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.

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"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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