Buy HDFC Bank, Dr Reddy's Labs may hit Rs 2970: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-Tv18, "HDFC Bank can give a pullback rally to Rs 1,060 which is my final target. Of course Rs 1,048 and Rs 1,052 are the first two goalposts out there. Put a stop loss below Rs 1,034, you can buy at the current level or on dips. The stock looks good to me.""IT and pharmaceuticals are the two sectors in which I am bullish because I am not so bullish about other sectors and oil could be giving you a pullback rally. From the IT space, this is another stock that may post a bounce back. The level of Rs 2,874 should be stop loss for Dr Reddy's Labs, targets are Rs 2,924-2,949 and Rs 2,970," he said."Cairn India is a no brainer, huge volume with good upswing last day, more than 5 percent. So long as it sustains above Rs 116.50, you buy and stop loss is Rs 114.40, targets are Rs 120-123 and Rs 127. These are two days targets especially Rs 127 could be reached by tomorrow."