Sell Bharat Forge, Britannia Industries: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "The caveat here is that your's truly is an investor in the Bharat Forge and that position remains. This is only a day trading sell call in Bharat Forge. I would say that the stock now looks to sort of consolidating, so aggressive traders can actually sell with a stop loss above Rs 886 and target would be Rs 850-823. Bharat Forge is on a correction mode." "Motherson Sumi also looks weak; Rs 251 happens to be a strong resistance in my understanding. So, I have put a stop loss of Rs 251 and chances are that Motherson Sumi would fall quite a bit. Target from the downside would be Rs 235 and if that is taken out decisively then the stock could well head down to Rs 227. This could be taken as a positional trade if it were to close around say Rs 235 expect on the next day that is tomorrow this Rs 227 target to be met and I do have a sell on Britannia Industries as well," he said. "Britannia now looks like it will consolidate and at least it will seek lower levels before it starts moving up once again. Initial target is of course Rs 2,525 and after that it would fall big time. Once Rs 2,475 is taken out then there could be a 100 point fall in Britannia. You put a stop loss above Rs 2,676. The stock looks weak. I am not buying FMCG, even Dabur India to me also looks pretty weak," he added.