Rajat Bose has buy on Ceat, Glenmark, sell on Kotak Bank

Rajat Bose of rajatbose.com does not advocate selling the Nifty or the Bank Nifty because according to him if the market opens gap down and does not break 8310 on Nifty Futures and 8300 on the Spot Nifty, where the 200 day moving exponential average is located then Nifty is likely to find support at 8300. According to him that could present a good buying opportunity Earlier the levels of 8450-8460, the 200 day simple moving average had supported the market for some time and now it would be the turn of the 200 exponential moving average to give some support, which may not be broken easily, says Bose.For the Bank Nifty the most critical level is 18000-17900 but if that is taken out then there could be a good fall, says Bose.Stock specific he has a buy recommendation on Ceat, Glenmark and Aban Offshore Advocates selling Kotak Mahidra Bank, Motherson Sumi.for the entire interview watch video