Rajat Bose of rajatkbose.com suggests buying Ceat, Motherson Sumi and Vindhya Tele.
Rajat Bose of rajatkbose.com told CNBC-TV18, "Ceat looks good to me. Chances are that you would see Rs 1,313 to about Rs 1,322 at the higher levels and put a stop loss below Rs 1,275."
"Motherson Sumi is another stock, I am putting a small stop loss below Rs 307, Rs 319-323-328 is a target zone for the stock," he said.
"Vindhya Tele - although it has opened with a gap up and the gap is getting filled but if it were to trade below Rs 628 then don’t take any trade any further but otherwise Vindhya Tele can still move up and cross Rs 650 because it is a pullback rally, extends up to Rs 661 and that is my calculation. So Vindhya Tele is also a buy."
"Positionally, I am suggesting my clients to create short positions at higher levels and liquidate speculative longs at higher levels."The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Dec 1, 2016 11:39 am