Sell Axis Bank, buy Dr Reddy's, Bharat Financial: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I would be buying pharmaceutical stocks and selling bank stocks. I would like to sell Axis Bank at around Rs 527. Put a stop loss above Rs 532.15 while Rs 521 and 517 are the two targets. I have a feeling that by the end of the day may be you will see Rs 517 being scaled by this stock." "Pharma stock that I would like to buy is Dr Reddy's Laboratories. I would put a stop loss at Rs 3,094 and I am looking at targets of Rs 3,135 and 3,143, you can carry forward the trade to Monday. This stock really looks good; caveat here is that yours truly is an investor in this stock at lower levels. So, to that extent my views could be predilected towards this stock," he said."You can do a pair trade by buying Dr Reddy's Laboratories and selling Cipla because Cipla seems to be falling off the cliff. It woull fall another two to three points, touch the low of Rs 576.85 in the October futures contract and the way it is falling and the kind of volume it is attracting, it looks very weak." "Apart from that what you can look at is Bharat Financial Inclusion. It is still looking good, I am actually looking at Rs 935 to about Rs 939 kind of levels going forward and you can put a stop loss below say Rs 917 or so. This stock is really a good stock and you can buy it."