Sell L&T; Cipla may test Rs 504, Zee Ent Rs 424: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Although Zee Entertainment posted a hammer line but looking at the intraday chart pattern I was not very convinced that it would move up but definitely it is much less weaker compared to Larsen & Toubro (L&T), Cipla and United Spirits of the world. However, I would put a stop loss above Rs 441.50 for targets of Rs 430 and Rs 424.""L&T it is very weak, in fact it can slide down even further. Today the targets would be Rs 1,249 to about Rs 1,245 and you put a stop loss above Rs 1,280 and sell," he said."Cipla has completed its intermediate term distribution pattern and now it is moving down. Put a stop loss above Rs 519.20, Rs 507 and Rs 504 are the two targets. It could go even further down below Rs 500. These are the Nifty stocks.""Indiabulls Real Estate had a heady run. It has completed its upswing and now it is headed down. Sell at current level or on any minor rally and put a stop loss above Rs 101, Rs 86 and Rs 82 are the two targets. This stock is unlikely to move any further. In June it will show a sideways to down pattern."