Buy BHEL; sell Tata Steel, JSW Steel, Tech Mahindra: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Buy Bharat Heavy Electricals (BHEL) with a stop loss below Rs 114 and targets would be Rs 127 to about Rs 132. The logic being there has been a price volume breakout and BHEL has got a new traction in yesterday's trading on the long side." "I have a sell call on Tata Steel and JSW Steel. I feel that Rs 340 would not be crossed in Tata Steel but before that there would be a good correction. Targets would be Rs 313 to about Rs 307. If there were to be any intraday rally to about Rs 327 or Rs 330 or whatever that is you can, take a sell position there," he said. "Associated sell call on JSW Steel and the stop loss would be above Rs 1,302 and target would be Rs 1,250 to about Rs 1,238. My understanding is that JSW would not be able to cross Rs 1,280 to about Rs 1,295 before giving a correction." "Allied Digital Services, yesterday did a price volume breakout. Put a stop loss below Rs 37. The stock closed at Rs 42.85, target would be Rs 46 and Rs 48." "Finally I have a sell call on Tech Mahindra as well. Put a stop loss above Rs 452, the stock looks pretty weak while Rs 436 to about Rs 429 would be the targets."