Buy Tata Motors, Tata Steel, L&T: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Tata Motors did quite well yesterday and maybe it is looking like gaining more strength. So, chances are that we would see it moving up to the critical supply zone between Rs 343 and Rs 348. So I have kept those two levels as my targets for the day and I would put a stop loss below Rs 329.50. So, Tata Motors is clearly a buy out here." "I would give one small word of caution, today from my cycles analysis, it is a short-term cycle date, so there could be some profit booking in order. So, in these stocks that you would be buying, if you are making profits, at some point in time definitely take some profit home," he said."Tata Steel is one of the two metal counters I like quite a lot. The other one is Hindalco Industries which is of course not in my list today but it is also a buy. You put a stop loss below Rs 279 and the kind of movement that the stock is showing, from a technical point of view, it looks as if that there is a bottom in place and the bottom is already happened and with the stock rising, it can be bought. Buy minimal quantity or whatever; it is still a buy. Our targets are Rs 291 and Rs 301." "In Larsen and Toubro (L&T), earlier I was pretty skeptical and bearish. From 7,300 to about 6,825, other stocks fell like 9 pins but this one showed huge relative resilience. It did not break its earlier lows and finally is bouncing back. So, that is definitely a strong technical picture and I would put a stop loss at Rs 1,187 and I would be looking at targets of Rs 1,229 and Rs 1,244. Even those medium-term investors can chip-in now and buy some quantity at least 22-25 percent of whatever they intended to buy in L&T."