Sell Bank of Baroda, go long in CESC: Aditya Agarwal

Aditya Agarwal of Way2wealth Securities told CNBC-TV18, "PSU banks have given a good return in last couple of trading sessions. Bank of Baroda is stuck in a range for last five-six trading sessions in a range of Rs 150 and Rs 155. We are seeing some bout of profit booking in the stock at higher levels. So, we are expecting some bit of correction in it in current level. The stock may test Rs 140-136 in short term. So, keeping that in mind only, we have given a sell call with a stop loss of Rs 155.50 and target of Rs 140.""CESC has seen a sharp rally in last couple of trading session. From Rs 444-450 levels, it is now trading around Rs 590 levels. In last three-four trading sessions, we have seen good amount of long positions getting build up. The stock has already given a good breakout above Rs 570 and it is sustaining above that," he said."From short term perspective, CESC is looking good. The stock might test Rs 620, so at current level, the risk reward ratio is clearly in favour of buyers. So, one can initiate long positions by keeping a stop loss of Rs 574 for target of Rs 620 in short term," he added.