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Buy ITC, Hero MotoCorp; sell Wockhardt, Adani Ports: Rajat Bose

Rajat Bose of rajatkbose.com is of the view that one can buy ITC and Hero MotoCorp and sell Wockhardt and Adani Ports.

January 30, 2018 / 11:17 AM IST

Rajat Bose of rajatkbose.com told CNBC-TV18, "I have two longs calls and two short calls. ITC most probably would not violate Rs 271.80 which is my stop loss and that is a buy call with a target of Rs 279 -282, by tomorrow these two targets would be met."

"For Wockhardt the target is Rs 852 and if that gets violated then it can even breach Rs 840. So, put a stop loss above Rs 872 or so wherever you are comfortable and sell February futures. Wockhardt is likely to tank further."

"Hero MotoCorp even during this downtrend today did not fall. So I am buying that with stop loss below Rs 3,667 and targets are Rs 3,698 and Rs 3,712."

"Adani Ports is a sell. I would put a stop loss above Rs 437 and target would be Rs 425 and Rs 421," he added.
CNBC-TV18
first published: Jan 30, 2018 11:17 am
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