Sell HPCL January futures, buy Jubilant Foodworks: Rajat Bose

Name: Sell HPCL January futures, buy Jubilant Foodworks: Rajat Bose
Uploaded: 2018-01-18T14:31:06+05:30
Description: Rajat Bose of rajatkbose.com is of the view that one can sell HPCL January futures and can buy Jubilant Foodworks.

Rajat Bose of rajatkbose.com is of the view that one can sell HPCL January futures and can buy Jubilant Foodworks.

CNBC-TV18

January 18, 2018 / 14:31 IST

Rajat Bose of rajatkbose.com told CNBC-TV18, "I have one sell call and one buy call. The sell call is on HPCL January futures. I would like to sell that with a stop loss above Rs 417.25, and targets would be Rs 409 and Rs 403. I expect these targets to be met by tomorrow."

"Jubilant Foodworks, both in futures as well as in the cash segment has posted an all-time high today and there is a flag breakout there. So I would like to buy this. I would put a stop loss below Rs 1,949 on closing price basis, targets would be Rs 2,002 and Rs 2,023. Again, I expect these targets to be met by tomorrow," he said.

CNBC-TV18

first published: Jan 18, 2018 02:31 pm

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