Glenmark Pharma may touch Rs 971, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Glenmark Pharma has been on a good upswing. It has come to a level where you find golden crosses on the short-term moving averages, suggesting that there is much more tailwinds left at least to start with. So I would put a stoploss at Rs 928 and Rs 953 to about Rs 971 are the two targets because no target is not achievable for Glenmark.""Sasken Communication Technologies is a medium sized IT company and looks good, in fact it has completed its correction, consolidation and yesterday given a breakout. Now I feel a target of Rs 400 to about Rs 407 is highly achievable. I have kept a stoploss of Rs 367. The stock gives large volatile moves. Hence the stoploss is a bit stretched and the targets are also stretched," he added."Regarding Wipro, I would like to say that Rs 560 is the initial barrier and after that it needs to sustain above Rs 570 to give a strong move.""In Welspun Enterprises after Rs 56, you can expect some kind of a good move happening in the stock. Till such time it clears Rs 56 decisively, I do not think will give any major move as such," he said.