Top trading bets from Rajat Bose

Watch the interview of technical analyst, Rajat Bose of rajatkbose.com with Latha Venkatesh and Sonia Shenoy of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks."In EIH Rs 133 to about Rs 137 is a key supply zone. It has to stay above that. That is the call that I would have given but if it were to stay above Rs 137, with good volume activity then there is a trade there because the early morning trade by gap up opening is already lost. So now above Rs 137 if it sustains, below Rs 133 should be your stop loss and you are looking at a price of something like Rs 143-145.""From a medium-term point of view of six months to about a year or so, Rs 210 would be the target so this is a good investment bet as well as a good trading bet. But take a bet above Rs 137, if sustained," he said."Ajanta Pharma looks good. Throughout November, it went through a correction and it fell below its 200-day moving average (DMA) and now it is trying to cross that. Yesterday it crossed and closed above that. Today I would use yesterday's closing price as a stop loss at Rs 1,374 and I would be looking at a price of Rs 1,433 to about Rs 1,450. That is the kind of projection that I am making for up to tomorrow.""From one perspective, since Just Dial has broken down its 13-day moving average (DMA) below which it becomes very weak through all these collective rallies in JustDial after it began its long-term downtrend from last year August. If 13 DMA is broken then there is no point of staying there and you should go short. In that I see levels of Rs 810 to about Rs 800. There maybe still some tailwind left for JustDial."In Tata Steel you put a stop loss above Rs 242 and you can expect again Rs 237 to about Rs 235 being retested because Tata Steel's five-day rally had terminated because of an ArcelorMittal company got sold off yesterday, so that being the case, Tata Steel sentimentally is going to go down but at Rs 235 you will find again buyers to come in because it is forming up bottom, its base formation is on.""In Union Bank of India though it is weak and the extent it is trading below Rs 70, there is still a possibility of a short position that is Rs 167 is your minimum target and Rs 172.50 should be a stop loss but then this is 1:1 kind of a risk reward trade." "Axis Bank is trading above Rs 460 which is definitely encouraging but unless it is above Rs 464, you are not taking a trade here because this stock may backfire and test Rs 453-454 again. So above Rs 464, it looks like a buy, put a stop loss below Rs 459, you can expect Rs 469-473 on the upside but otherwise in banking space, long trades are better not taken today and Union Bank still in my radar would remain as a short candidate."