Buy Vedanta, Hindalco; Biocon may test Rs 453: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Pharmaceutical space is pretty weak except for Torrent Pharmaceutical. However, I have chosen Biocon. The stock currently trading at Rs 459, it is likely to move down to something like Rs 455 to about Rs 453. You put a stop loss above Rs 462.50 and there is a trade there." "Vedanta, Hindalco Industries and Cairn India on the upside are looking pretty strong. Caveat here is that in all three of them I have investments. You can trade on the long side in those counters, they are looking pretty good. Any price is a buy, Vedanta could well move up to Rs 89 to about Rs 91. Even Hindalco looks pretty strong. There also you can have a buy," he said.