Nelco intraday buy, RS Software may test Rs 139: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Nelco has given a price volume breakout yesterday and the breakout showed that there is a possibility that it would trade above Rs 70. It has not been able to do the level but this time, I think it is likely to do that. However, till such time it crosses Rs 74 there would not be any major movements. So, I have kept a target of Rs 73.40 and put a stop loss at Rs 67 and this is an intraday buy call. I think this can well be achieved." "RS Software has given a price volume breakout and is recovering from the bottom. So the risks appear to be pretty low. I have kept stop loss at Rs 128.80. The two targets that I have kept for RS Software are Rs 136 and Rs 139. I think that it is likely to attract good buying attention today," he added.