Rajat Bose of rajatkbose.com recommends buying Novartis, Cipla, Bajaj Auto and Rain Industries.
Rajat Bose of rajatkbose.com told CNBC-TV18, "I have four buy calls. Two of them, pharmaceutical stocks, and two are from different sectors. Novartis is currently trading around Rs 683, I would put a stop loss below Rs 667 while Rs 609 and Rs 703 are the first two targets. After that, it can even move up to Rs 712. It also has a buyback offer running."
"The pharmaceutical stock is Cipla. I would put a stop loss below Rs 575.80 while Rs 589 and Rs 594 are the two targets. Apart from that, Bajaj Auto is the one stock I like. After a pause, it has started moving up once again; Rs 3,098 is the stop loss while Rs 3,170 and Rs 3,185 and prior to that even Rs 3,150 could be another target for intraday traders.""Finally, Rain Industries, a stock that I personally hold in my portfolio, I am urging to buy for delivery. Put a stop loss below Rs 168 on closing price basis for an intermediate target of Rs 220. The stock is doing well technically and is fundamentally pretty strong," he added.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.