Buy Tata Global Beverage, UPL may test Rs 598: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "HDFC looks pretty bad. The way it fared and the kind of volume activity and also delivery based volume, all this put together says that the downtrend might well get continued but, the stock has good support between Rs 1,187 and Rs 1,170. But for the day, my targets are Rs 1,187 to about Rs 1,182 and I will put a stop loss above Rs 1,218.""Sun Pharma Advanced Research Company actually has shown quite a bit of momentum yesterday and chances are that this stock is going to go further up. The levels of Rs 286 and Rs 292 are the targets and since this has shown resilience and good momentum on a day like yesterday, I can expect that this momentum is likely to continue," he said."Tata Global Beverage also looks pretty good. Yesterday as well as earlier, this was showing considerable strength. Yesterday it managed to actually encompass the previous two days' trading range and also cross the 200-day exponential moving average and closed above that with a very high volume activity. From that perspective, I would say this is a buy, you put a stop loss below Rs 123.50, target Rs 134.25 and Rs 137. The level of Rs 137 is a highly achievable target because Tata Global has an uncanny knack to go to Rs 137 and maybe from there, the supply pressure begins," he said."UPL, yesterday closed one point lower than its intraday high of Rs 588. So, it actually touched a low of Rs 566. That suggests that this correction that has been on for 7-8 trading sessions has come to an end and hence the stock could actually be testing the day’s low which could be close at the day’s high. So, further upswing is likely. The levels of Rs 594 and Rs 598 are the two targets and you put a stop loss below Rs 582."