Buy Axis Bank on dips, Wockhardt may hit Rs 1005: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I wish I had not chosen Axis Bank today because if there is a concurrence about a particular stock among the analyst and that stock tend to underperform because it creates a problem for large players. The stock gets scooted up and that has been my empirical observation. I have studied this phenomenon for quite a bit and I found that they actually tend to underperform.""In any case, technically speaking Axis Bank definitely looks pretty good and I would also put a same stop loss of about Rs 467, my stop loss is Rs 467.80 while Rs 497 and 505 were the two targets that I have kept. In medium term I am bullish on the stock, I have recommended it to my clients my target there is about Rs 595 to about Rs 600. Axis Bank in any case at any dip upto Rs 460 is a buy for medium term and put a stop loss below Rs 434," he said. "Shriram Transport Finance Corporation actually consolidated for the last few days and now my feeling is that it is actually getting ready for the resumption of the uptrend. I would suggest a stop loss below Rs 1,023 and the two targets I have are Rs 1,079 and Rs 1,122." "Wockhardt has given a reversal signal yesterday and I would put a stop loss below Rs 928 and the two targets that I have are Rs 981 and Rs 1,005. The stock looks like moving up from today, yesterday it had begun and today it should continue.""Reliance Industries has given a reversal signal yesterday and I would put a stop loss below Rs 977 and I am expecting a minimum of Rs 994 on the upside. It should actually cross into Rs 1,000 plus territory but for the day Rs 994 is a viable target, hence I have kept it has my today’s target."Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com