Buy Aurobindo Pharma, Dr Reddy's Laboratories; sell HPCL: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I am trading three stocks, two are pharmaceutical stocks and one is an oil marketing company. Pharmaceuticals is buy and the oil marketing company is a sell.

"Aurobindo Pharma has already moved up but still I feel that it has potential to move up to at least Rs 624. Put a stoploss below Rs 603. If Rs 624 crossed, then Aurobindo Pharma could actually head for another 20 points on the upside because Rs 621 to about Rs 624-625 is a strong supply zone; Aurobindo Pharma needs to cross that. I am overall bullish about this company. I feel that Rs 700 could be there going forward."

"Dr Reddy's Laboratories is another stock today. Pharmaceutical is doing pretty well, even Cadila has started performing. In Dr Reddy's put a stoploss below Rs 2,665, Rs 2,725 to about Rs 2,738 these are the two targets. I expect this target to be met by Friday."

"In Hindustan Petroleum Corporation (HPCL) keep a stoploss above Rs 551.20, Rs 539 and Rs 535 are the two targets," he said.