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Last Updated : Oct 26, 2017 11:40 AM IST | Source: CNBC-TV18

Buy IFCI, Hindustan Petroleum Corporation; sell Yes Bank November futures: Rajat Bose

Rajat Bose of is of the view that one can buy IFCI and Hindustan Petroleum Corporation and can sell Yes Bank November futures.

Rajat Bose of told CNBC-TV18, "I would not be buying PSU banks because they have moved up quite a bit and there is a possibility of another government company which is IFCI getting re-rated. I have seen quite a bit of delivery based buying yesterday and also today positions are getting built. So I would buy that with a stop loss below Rs 24.90 and targets would be Rs 27 and Rs 27.75 on the upside."

"Apart from that, in Hindustan Petroleum Corporation, Rs 469 is my stop loss and Rs 486 and Rs 493 are the two targets that I have."

"I would like to sell Yes Bank November futures with a stop loss above Rs 342.50 because there could be a lot of volatility. Today is the result day and my targets are Rs 315 and Rs 301," he added.

At 11:36 hrs Yes Bank was quoting at Rs 335.40, up Rs 7.75, or 2.37 percent. It has touched an intraday high of Rs 339.00 and an intraday low of Rs 318.55
First Published on Oct 26, 2017 11:40 am
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