Selan Exploration may hit Rs 177, like L&T: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I am betting on Selan Exploration Technology which is a play on crude. Nymex Crude chart has given a real strong buy signal. So, given that, Selan and ONGC are expected to do well. I personally hold Selan in my portfolio, that is a disclosure from my side. The level of Rs 166.50 should be the stop loss and Rs 173 to about Rs 177 would be the target. I am expecting the second target to be made by tomorrow morning. By first half tomorrow, this target should be met if this stock has any strength, then it should go to those levels.""I like Larsen and Toubro quite a lot, despite not being able to cross Rs 1,210, it has not fallen below Rs 1,200. So, chances are that you will see some kind of an upmove here and it will scale up to something like Rs 1,219 to about Rs 1,227. Its stop loss should be below Rs 1,189," he said.