Buy Delta Corp, Torrent Power; sell Motherson Sumi: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I am offering two buy calls and one sell. The buy call is on Delta Corp. The stock looks pretty good to me and it has already moved up. Upper targets would be after Rs 197, the next target would be Rs 199-202. The stop loss should remain at Rs 189.90, just below the days low. Delta Corp is in a very good intermediate uptrend and it has been there for the last 21 days and 31-32 points have already been covered in that and this is the largest of the last three intermediate uptrends. Therefore uptrend is likely to continue."

"In Torrent Power, there is a likelihood of a breakout and the breakout would happen once it crosses Rs 985. My targets are Rs 989 and Rs 998. This is not an intraday call, this is actually a short term swing trade. The stop loss should be placed below Rs 975."

"Finally it is Motherson Sumi. It is a sell call because this stock looks very weak to me. It is unlikely to cross Rs 315 even on an upsurge, I mean a close above that is unlikely. Rs 304 and Rs 302.20 would be the target for the day but Rs 302-298 is a major support area for Motherson Sumi. Once that gets broken, it can actually see a much larger fall because this stock is getting very weak on the downside," he said.