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Buy United Breweries & sell Bajaj Auto, says stock expert Rajat Bose

Updated : May 30, 2019 12:51 PM IST

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

He also spoke at length on Cadila Healthcare, Glenmark Pharmaceuticals, Havells India, HCL Technologies, Hexaware Technologies, Balkrishna Industries, United Breweries, Bajaj Auto.

Speaking about stock ideas, Rajat Bose said, "Buy United Breweries May futures. This is on a short covering recovery trail. I would put a stop loss below Rs 1,349.50, Rs 1,379 and Rs 1,385 are the two targets. Sell Bajaj Auto May futures. I would put a very close stop of Rs 2,949, but I would keep a target of Rs 2,912 and Rs 2,903."

“I have one buy call and one sell call. Buy is again from the IT space Hexaware Technologies, I would put a stop loss below Rs 352, Rs 361 and 364 are the two targets. Balkrishna Industries this is one stock I personally hold in my investment portfolio. But for the day it is a sell. I would be looking for a target of Rs 800-796 and would put a stop loss above Rs 815 and suggest a sell.”

“HCL Technologies it has consolidated between Rs 1,050 and 1,070 and now it is likely to move up. Mt targets are Rs 1,100-1,115 stop below Rs 1,073. Second bullish stock would be Havells, after a protracted fall the kind of bar chart pattern that has Havells has exhibited from this kind of a pattern number of times it has moved up hence a buy for Havells. Rs 722.75 is my stop loss, Rs 740 and Rs 742 are the two targets.  Glenmark Pharmaceuticals saw a huge short build up yesterday, it is likely to fall results are not very good. Rs 537-533 are the two targets. Rs 550.25 is my stop loss and I am advocating a sell. Cadila Healthcare we saw a long liquidation. Cadila Healthcare is a sell Rs 268 would be my stop loss Rs 257 and Rs 253 are the two targets.”

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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