Sell Apollo Tyres, buy Axis Bank: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I have one sell call and one buy call. Sell call is on Apollo Tyres. I would put a stop loss above Rs 265.5 and the targets would be Rs 256 and 253. It is showing good volumes on the downside as well. So chances are that we would see these levels coming off sooner than later."

"Axis Bank is a buy. This stock has been maintaining relative strength while the market has been going down and probably it will test Rs 513-514, the resistance level. So, Rs 510 and Rs 514 are the two targets I have and I will put a stop loss below Rs 495," he said.