Apollo Tyres may test Rs 158.50, Cipla Rs 497: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Apollo Tyres after topping out on May 31 has started coming down and for the last couple of trading sessions just below Rs 148 it posted two lows, Rs 147.40 and Rs 147.70, so it has moved up yesterday. So with good volume chances are that it will actually scale up even further. Targets are Rs 155 and Rs 158.50. I put a stop loss at Rs 148.90. I need not put a stop below Rs 147.40 because it has got enough strength, not to even touch Rs 148.90." "Berger Paints India's chart shows that it has got enough momentum to even propel moving average convergence divergence (MACD) which is a lag indicator to come into buy mode. It has almost come into the buy mode and shows that it is headed towards Rs 300 mark. I have two targets of Rs 299 and Rs 300 with a stop loss of Rs 289.50," he said."Cipla had a fantastic movement yesterday. The stop loss should be Rs 474.80 and target is Rs 489-492 and Rs 497. I expect the continuation because the move was very even and regular yesterday. So this is likely to continue."