Expect momentum to continue in India Cements, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "India Cements is on a 22 week high after late September 2014. These levels were never seen on the stock and yesterday it produced a stellar performance, expect the momentum to continue. You can buy at current level or slightly lower say around Rs 122 or so and keep a target of Rs 128 and put a stop loss below Rs 120.80.""Cairn India has given a pause for three days and probably another dash at Rs 200 plus levels is on the cards and Rs 203 to about Rs 207 would be the target and put a stop loss below Rs 189. Cairn is not rising, price movement has no correlation with the crude price movement at the moment. It is more of Vedanta Cairn merger that is panning out and the technicals suggest further upswing in Cairn," he said.