Gammon India may test Rs 20.50: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Nifty is not giving any trade; in fact even the largecap stocks are not offering any trending moves. Here are some stocks, when the market is in a narrow range bound situation they give intraday moves, if you can capitalise on them, fine, you should not carry them, you can stop it out. So from that perspective Gammon India gave a gap up opening and it consolidated, moved up, closed at near the day's high. So now target would be Rs 19.90 and Rs 20.50, put a strict stoploss below Rs 17.15."He further added, "Dhanlaxmi Bank showed large fall yesterday and broke down its support. So given that we would put a stoploss above Rs 23.10 and targets would be Rs 20.90 and Rs 20. This stock looks weak and it is in a downtrend. It can go further down.""Adani Ports and Special Economic Zone looks likely to go further down and the targets are Rs 253.50 and Rs 252.10 and the stoploss is at Rs 261.50. It can attract good amount of selling once Rs 257 is decisively cleared," he said.