Rajat Bose of rajatkbose.com recommends buying United Spirits, Apollo Tyres and Mercator.
Rajat Bose of rajatkbose.com told CNBC-TV18, "I have three buy calls. One is a liquor stock, one is a tyre stock and one is a shipping stock. Liquor stock is United Spirits in which I hold some shares. The stock has crossed its 200-day exponential moving average and is showing good momentum. I have a feeling that the recent high - a couple of months back it posted a high around Rs 2,698. It is at least going to test that level. So Rs 2,640 and Rs 2,690 are the two targets that I have for United Spirits and I have kept the stop loss at Rs 2,543."
"Apollo Tyres is showing good momentum, in fact all tyre stocks are showing real good momentum, Rs 245 and Rs 249 are the two targets, Rs 227 is my stop loss," he said.
"Finally, I have a shipping stock to recommend today. Mercator is attracting good volumes and good momentum, Rs 59 and Rs 77 are the targets. You put a stop loss below Rs 45 and buy it for delivery. This is not an intraday call, not even a swing trade, when I give a target of Rs 77, it is intermediate term target meaning the two-three months time should be given for it to reach this target of Rs 77."
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First Published on Oct 6, 2016 12:36 pm