Buy NIIT Technologies, Hero MotoCorp; sell Infibeam: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I have two buy calls and one sell call. The buy call is on NIIT Technologies August futures. NIIT Technologies has been falling since July 11 and it has come down to its major support area around say Rs 475-480. So, I would put a stop loss below Rs 475 and target would be Rs 504, Rs 510, and Rs 519. It is a positional buy. I am expecting a short covering pullback to happen because the trend is over-stretched on the downside."

"Second stock is Hero MotoCorp where I would put a stop loss below Rs 3,910. Again it is August 31 futures levels and target should be Rs 3,963 and Rs 3,985," he said.

"Finally, the sell call is on Infibeam with a stop loss above Rs 1,447.50 and targets of Rs 1,412 and Rs 1,403. Here again it is the August futures levels."