Buy Sun TV Network, sell Motherson Sumi Systems: Rajat Bose

Name: Buy Sun TV Network, sell Motherson Sumi Systems: Rajat Bose
Uploaded: 2017-09-14T14:54:33+05:30
Description: Rajat Bose of rajatkbose.com is of the view that one can buy Sun TV Network and sell Motherson Sumi Systems.

Rajat Bose of rajatkbose.com is of the view that one can buy Sun TV Network and sell Motherson Sumi Systems.

September 14, 2017 / 14:54 IST

Rajat Bose of rajatkbose.com told CNBC-TV18, "I am going with one buy call and one sell call because these days at 12:30 you will see that the market dwindling and probably going down and around 2:30 you will see new enthusiasm. So it is better to hedge."

"So I have chosen a stock that is showing a bullish flag like formation which is Sun TV Network. I would put a stop loss below Rs 818 and my target would be Rs 840 and then Rs 845 to Rs 848 and that is the kind of projection I can make."

"The stock that I am going to sell is Motherson Sumi Systems. I would put a stop loss above Rs 333.50, Rs 326 and Rs 323 are the two targets. Motherson Sumi as such is pretty weak over the last couple of sessions," he added.

first published: Sep 14, 2017 02:54 pm

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