Sell Dabur India, Adani Ports: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Dabur India was on a downside move yesterday and it could have been Cipla or Dr Reddy's Laboratories and Glenmark Pharma, they are actually looking pretty weak. I have chosen Dabur because much less volatility is out there. Sell with a stop loss above Rs 270.20 and the targets are Rs 257 and Rs 251." "In Adani Ports, there was a gap down opening yesterday and further lower levels and this suggests that some people are actually bearing out of the stock and it could actually head even lower. So, Rs 230 and Rs 227 are your two targets, put a stop loss above Rs 235. Adani Ports is also a sell," he said."The strategy that I thought in Eicher Motors and the stop loss that I had kept has already been hit, so Eicher no longer is a buy in fact it fell on very thin volumes, but I was not expecting that it would break the morning low of Rs 17,309 and hit Rs 17,294. So Eicher is not a buy but I have another strategy which is on Jet Airways.""It continues to look good. I would put a stop loss below Rs 749 and look at a target of Rs 777 and Rs 789 on the upside. This is one stock and since I am not being able to give the Eicher call, at current prices, you can buy SpiceJet with a stop below Rs 80.90 and on the upside Rs 84 and Rs 84.50 should be the targets.""In Dr Reddy's Labs, the range between Rs 2,900 and Rs 2,950 -- if this gets decisively taken out, not just an intraday dip, on large volume activity, good amount of position building in the F&O segment, then a window opens for another 200 points, something like Rs 2,775 to about Rs 2,730 could be on the cards. This was one stock I was betting on for 2016. Of course the kind of stop loss that I would have that has not been violated but still since I was not expecting Rs 2,900 to be broken, if that were to happen then as I said that Rs 2,775 to about Rs 2,730 could be on the cards for this and this looks pretty weak. In fact, this has broken a small pattern that was developing a bottom formation. So the bottom has been taken out there."