Buy Bajaj Auto; sell SBI, Apollo Tyres: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Bajaj Auto is a buy. If you leave aside the fundamentals, technically speaking it is looking like there is a possibility of a minor bounce and Rs 2,640 could well be scaled up to, maybe it may not reach the level today but at least by tomorrow, there could be an attempt to reach that. Put a stop loss below Rs 2,557.""The other two stocks are sell calls, I would sell State Bank of India (SBI) with a target of Rs 245, interim there would be some support around Rs 250-249 kind of levels and put a stop loss above Rs 257.50. Next is Apollo Tyres. It is in a downtrend and once it falls below Rs 177-178, there would be large fall coming. I would still short at current level and put a stop loss above Rs 184.50 and my target would be Rs 172," he said.