Sell BPCL, IOC; buy Reliance Capital: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I have two sell calls and one buy call. Both the sell calls are in the June futures of oil marketing companies. To start with, Indian Oil Corporation (IOC); I would put a stoploss above Rs 415 and sell it for targets of Rs 402 and Rs 394. I expect this targets to be met latest by tomorrow."

"Bharat Petroleum Corporation (BPCL) is also a sell. Put a stoploss above Rs 680.25, I am referring to the June futures levels, target Rs 657 to about Rs 654."

"Finally, the buy call is on Reliance Capital. Buy it with a stoploss below Rs 598.75 and targets would be Rs 609 and Rs 615. This stock has been rising since late May and it is consistent up trend, so expected that higher levels would also be achieved," he added.