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Last Updated : Mar 23, 2017 01:31 PM IST | Source: CNBC-TV18

Buy Reliance Capital, Dish TV; sell Arvind: Rajat Bose

Rajat Bose of is of the view that one can buy Reliance Capital and Dish TV and sell Arvind.

Rajat Bose of told CNBC-Tv18, "I have one sell recommendation and two buy recommendations. First the buy recommendations, Reliance Capital looks pretty good to me, it has come out of the ban period in the F&O and is attracting good buying. I will put a stop loss at Rs 598.80, Rs 611 and 617 are the two targets I have chosen. But now that it has come very close to the first target, you can actually extend the second target to about say Rs 620. The chart pattern suggest that it can even go further up." 

"Dish TV is another buy recommendation where I will put a stop loss below Rs 104.90 and target would be Rs 114. If the trade is favourable you can carry it overnight," he said. 

"Arvind is a sell, Rs 387.10 is your stop loss and Rs 379 and Rs 375.60 are the two targets. If you take it in F&O you can carry it because Arvind looks pretty weak on the chart although today it has taste a bit of a recovery from lower levels but I expect selling to come again at higher levels."

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First Published on Mar 23, 2017 01:24 pm
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