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Sell HDFC Bank & HDFC, says stock expert Rajat Bose

Updated : May 09, 2019 01:03 PM IST

The latest analysis and commentary by stock market guru Rajat Bose of rajatkbose.com on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about Cadila Healthcare and Page Industries, HDFC Bank and HDFC.

Speaking about individual stocks, Bose said, “I have two sell calls both the stocks are from the HDFC stable. HDFC May futures I would put a stop loss above Rs 1,951 and my target should be Rs 1,875 this is a sell call. HDFC Bank May futures, I would out a stop loss above Rs 2,312 my targets would be Rs 2,264 and Rs 2,249.”

“I am buying Cadila May futures with a stop below Rs 287, targets should be Rs 299 and Rs 302. This is a contrarian call in the sense that Cadila Rs 290 is a major support in my reckoning. So it is unlikely to stay below that and would do a little bit of recovery rally. Page Industries is in a downtrend. Downtrend is likely to continue further. I would put a stop loss above Rs 21,550, Rs 21,060 to about Rs 20,910 would be my targets for Page Industries.”

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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