Granules India looks good, target Rs 135: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Granules India looks quite good. In fact the stock rallied yesterday big time and also posted a price volume breakout. The chart pattern looks pretty attractive and it is likely to head higher. My sense is that once Rs 129-130 is taken out, it would actually zoom up and scale up to something like Rs 135. That is an intraday target but Granules can actually head even higher. As of now I would say that you put a stop loss around Rs 123 for the day and that is the kind of stocks you can use for the day. Otherwise if you want to carry this trade forward, then put a stop loss of Rs 119.""Apollo Hospitals is consolidating. My feeling is that it would not fall below Rs 1,410. On the other hand, it is headed for higher levels like Rs 1,428 which is my first target and Rs 1,435 on the upside. So, I have put a stop loss below Rs 1,408 and my targets are Rs 1,428 and Rs 1,435," he said."There is one caveat here that the Nifty is actually knocking at the door of major resistance zone. That resistance zone starts from 7,551 then 7,574, 7,589 and 7,600. So, the whole range between 7,550 and 7,600 is a major supply zone so that should act as a speed breaker for even these stocks. They tend to rally on their own, not so much in correlation with the Nifty, but still the sentiment dampener could be there. So we are little more cautious."