Hold MRF, Asian Paints: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I would say you continue to hold on to MRF. The stock is in a strong uptrend. Even on the quarterly charts it shows its uptrend pretty well. Monthly charts, weekly charts, all are suggesting that the uptrend is likely to continue. I would not suggest any stop loss. Going forward the projection over the next three years is six figure MRF stock price without taking into consideration any kind of stock split or bonuses. So, that is it, you carry on with it."

"Asian Paints is one company that you can actually keep it for a very long period of time. People would be using Asian Paints products going forward for a long period of time. So my suggestion is you hold on to it. In next three years my technical target is about Rs 1,800. It is a great bluechip and it will remain a great bluechip, so carry on. Do not use any stop losses. See volatiles but ultimately Rs 1,800 would be scaled up," he said.

"In Vedanta, I have a feeling that over a period of three months, Rs 295-305 could be the projection and Rs 239 could be the stop loss because Vedanta continues to show some volatility. That is why I am giving this stop loss so that one can actually carry on because I expect there would be some volatility in August and September."