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Buy Voltas; sell Grasim Industries, Adani Ports: Rajat Bose

Rajat Bose of is of the view that one can buy Voltas and can sell Grasim Industries and Adani Ports.

February 06, 2018 / 02:13 PM IST

Rajat Bose of told CNBC-TV18, "I have two sell calls and one buy call. Buy Voltas, it falls in tandem with the market but whenever it falls, there is some buying activity. Yesterday it did and today also it is trying to do so. So I have kept a very small stop loss of Rs 582; if that gets taken out, then get out of the stock. Otherwise, Rs 592-595 is possible on the upside. Voltas is showing better relative strength."

"My sell calls are Grasim Industries. Sell it with a stop loss above Rs 1,038 while Rs 1,025 and Rs 1,020 are the two targets."

"Adani Ports is also a sell. Put a stop loss above Rs 399, Rs 390 and Rs 387 are the two targets."

"All three trading calls are intraday. There is no point carrying positions overnight given the kind of volatility that we are seeing," he added.
first published: Feb 6, 2018 02:13 pm
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