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Buy HUL & Biocon, says stock expert Rajat Bose

Updated : May 07, 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. Check out his top stock recommendations.

He spoke at length about Hindustan Unilever, BPCL, Kajaria Ceramics, and Biocon.

Speaking about individual stocks, Bose said, "Biocon I am giving spot levels personally I hold some shares of this company in my portfolio that is a disclosure from my side. Put a stop loss below Rs 552.80, Rs 563 and Rs 565 are the two intraday targets for Biocon it is on a recovery drill. Hindustan Unilever (HUL), this stock is now consolidating in intraday movement, but I am not expecting it to fall below Rs 1,702 which is my stop loss level from May futures. In the May futures I am expecting to scale up to something like Rs 1,734 and Rs 1,740.”

“Hindustan Unilever (HUL), I am expecting it show a pullback to about Rs 1,730. If that is crossed, then Rs 1,738. I am talking about futures levels and my stop loss would be Rs 1,685; suggesting to buy at current levels. The other two are sell calls. One is Kajaria Ceramics. It has already moved down but it can still move further down. Rs 552 and Rs 547 are the two targets. If Rs 547 gets broken, then Kajaria can even head for Rs 540, stop loss should be above Rs 565 or so. BPCL May futures I would put a stop loss above Rs 385. This is also coming down, but now taking support around Rs 377, but I believe after some time that support will be broken and it would be headed fir Rs 367. If that gets taken out, then Rs 362,” he said.

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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