Yes Bank looks good; pick Snowman Logistics, Gati: Rajat Bose

Rajat Bose of rajatbose.com told CNBC-TV18, "Yes Bank has actually given a pretty stellar performance, Rs 689 should be the stop loss, At least give more than 1 percent stop loss there and the targets would Rs 704 and Rs 709 initially. If that is crossed and taken out, Rs 717 to about Rs 723 could be likely as well because once the stock gets going, for it to climb up, say 4-5 percent is not a big deal as such. So Yes Bank looks good." "Apart from that, I was actually eyeing on Kotak Mahindra Bank because it was one particular banking stock that was maintaining an intermediate uptrend even though the short-term trend was down. However, having reached Rs 698-699 it is pretty much lackluster out here," he said. "VRL Logistics might go up today but it is essentially a range bound counter. If you look at it from a three to four months point of view, between Rs 400 and Rs 450 it is oscillating. Compared to that, I would say in today’s session I have chosen two logistic stocks. One is Snowman Logistics. This is one stock in which your downside risk is very minimal. Even if you go for an investment, around Rs 80 it has posted two bottoms and today it is rising up. So, Rs 83.80 to about Rs 86.50 would be your two targets and put a stop loss below Rs 81.50.""In Gati, the targets would be Rs 162.25 and Rs 165 and stop loss you place is below Rs 157.50. These two stocks also give you good amount of liquidity, so that you can even play intraday."