Buy Dr Reddy's Labs, Infosys: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Bajaj Auto is giving a pullback from Rs 2,376 to about Rs 2,401 which is the critical range. Unless it takes out that, this is just a pullback rally and it would fizzle out around say Rs 2,375 or so because you expect a lot of selling pressure as the major moving averages are located within that zone. Unless it takes out Rs 2,400 decisively, do not expect this upmove to be sustained." "I have two buy calls from the pharmaceutical space and one from the IT space basically playing defensive before the monetary policy announcement. In Dr Reddy's Laboratories, I would put a stop loss at Rs 3043 and buy at the current level and Rs 3,133 and 3,178 are the two targets and expect it to be achieved latest by tomorrow," he said. "Infosys is a buy and stop loss would be Rs 1,154; Rs 1,210 to about Rs 1,228 would be the upside targets. Third stock is Divis Laboratories which is showing good strength. The level of Rs 1,138 is the day’s low which would be my stop loss while Rs 1,173 and 1,184 are the two targets that I have for Divis Lab."