Sell Maruti Suzuki, Britannia Industries look good: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "The chart of Britannia Industries looks good. There is a possibility that it may actually give a good upsurge and cross Rs 2,200 and if it sustains above Rs 2,200 then targets become Rs 2,854. You can put a stop loss below Rs 2,588, because of the volatility I have kept a stretched stop loss because the stock would eventually meet this target of Rs 2,854 so that the traders are not taken out of the position. That is why I have kept a longer stop loss." "Maruti Suzuki was weak yesterday, in fact it is a bearish engulfing pattern after a five day rally. This bearish engulfing pattern suggests that Maruti is headed lower. The stock as such was in a strong downtrend and it is likely to move further down once this bearish engulfing pattern gives it full ramifications," he said. "Targets for Maruti would be Rs 3,588 to about Rs 3,553, you put a stop loss above Rs 3,657. It closed yesterday at Rs 3,622, so Maruti either at current level or on a minor rally can be sold but put a stop loss above Rs 3,657.""Some stocks are definitely looking pretty good. Reliance Industries was batting at Rs 947 and now already 4 points up to Rs 951 but still some headroom left Rs 954-958 would be the target. I suggested a stop loss of Rs 937 but now you can push that stop loss up to about Rs 940-941 kind of levels." Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.

"Pidilite is a stock that I had been bullish even yesterday and I continue to remain bullish. The stock can move upto Rs 634 to about Rs 638. Pidilite has a major resistance around Rs 640 and unless it breaks Rs 618 it would not be weak, so I out a stop loss there at Rs 618."