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Buy Bajaj Finance, Exide Industries, V-Guard Industries: Rajat Bose

Rajat Bose of rajatkbose.com suggests buying Bajaj Finance, Exide Industries and V-Guard Industries.

December 26, 2017 / 11:02 IST

Rajat Bose of rajatkbose.com told CNBC-TV18, "I am trading four stocks and all four stocks are a buy. To start with, Bajaj Finance, I would put a stoploss below Rs 1,762 and my expectation is that given the kind of momentum it has started displaying on a recovery mode, Rs 1,802 and Rs 1,819 are the two targets that I have."

He further added, "The second stock is Exide Industries. Although it posted a small correction on the last trading day of the last week, but I expect it to continue moving up. Rs 215.90 is my stoploss and Rs 225 and Rs 228 are the two target levels that I have for Exide Industries."

"On Idea Cellular I am expecting Rs 102.75 as my target, and my stoploss is below Rs 99.40."

"V-Guard Industries is actually breaking out of a range and that is happening at the all-time high levels. It has got momentum; I would say that you put a stoploss below Rs 234.50 and Rs 243 and Rs 249 are the two targets. V-Guard earlier posted a high around Rs 240, but on the last trading day, it touched that level again and closed very close to that high level. So I am expecting that momentum to continue and the range breakout to be successful. Hence this buy call."

"I like Aban Offshore. It is already more than 1,30,000 shares have been traded there and the stock is doing well at Rs 201. Probably Rs 205 to about Rs 206 could be in order."

"Other than that, you may actually look at Reliance Communications. It is at Rs 17.20 probably there could be a scaling up again to about Rs 18 or so, but not much."

"NHPC is another stock that I am looking at. If Rs 31.25 is crossed, then NHPC could well head for Rs 32. You put a stoploss below Rs 30.50," he added.

"Buy JSPL with a stoploss below Rs 187, targets Rs 195 and Rs 198. The other two stocks that I am going long are DLF and Cummins. In DLF I will put a stop below Rs 245, Rs 254 and Rs 257 are the two targets for DLF."

"Cummins has already moved up but still Rs 912 and Rs 918 are the two targets that I have. So Cummins, DLF and JSPL all three are buys but index does not look that good anyway."

"Since Sun TV broken out of a range above say Rs 900-910 and after that it has moved up 100 points, but if you go by technical calculation, it still has some more headroom left and the tailwinds are still there. So I would expect if Rs 1,021 is breached and sustained, then it would hit Rs 1,037 to about Rs 1,044. However, put a stoploss below Rs 1,005."

CNBC-TV18
first published: Dec 26, 2017 10:05 am

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