Buy Arvind, target Rs 274-278: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Arvind yesterday was showing some traction. Although the volumes have not been very encouraging but its charts pattern suggest that there is a possibility of a good move today. Genuinely what it is does is that one day high volume and the very next day slightly lower volume and on the third day it moves up. So from that perspective I have chosen it as a buy and its target is Rs 274-278 and Rs 280. Put a stop loss below Rs 267, you can buy at current level or on any minor dip upto say Rs 265 but keep a stop loss below Rs 264 on closing price basis. Arvind looks good, it is slated for higher levels."

At 09:56 hrs Arvind was quoting at Rs 273.20, up Rs 1.30, or 0.48 percent. It has touched an intraday high of Rs 274.80 and an intraday low of Rs 272.20.