Buy HDFC, sell Tata Consultancy Services: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I have one buy call and one sell call. I would buy HDFC November Futures. HDFC November Futures posted a low of Rs 1,208 and after that on the intraday chart, it is showing higher high, higher low. It is a clear uptrend pattern and I am banking on that. My target is about Rs 1,295 and I am putting a stop loss below Rs 1,242." "The other stock that I want to sell is that it was showing traction earlier, but in today’s session, it is showing weakness - Tata Consultancy Services (TCS). I will put a stop loss above Rs 2,210 and my target is Rs 2,080. TCS may not be able to cross Rs 2,190-2,210. This is a major supply zone for the stock, hence this stop loss. There are signs that this might again come down," he said.