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Rajat Bose on January 17: Sell Bharat Electronics; Buy BPCL

Updated : January 17, 2019 01:05 PM IST

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

He spoke at length about Reliance Industries, Indiabulls Real Estate, Bharat Electronics, BPCL.

“Two trading stocks that I have chosen, one is a buy and one is a sell. Bharat Electronics is a sell, stop above Rs 89 and targets would be Rs 86 and Rs 85.10. Bharat Electronics has been falling consistently, today is fourth or fifth session it is falling and weekly chart is deteriorating. So chances are that you would see lower levels. BPCL has been moving up for the last four sessions including today and I expect it to move up further. Rs 358 and Rs 361 are the two targets and my stop loss would be below Rs 349,” Bose said.

Speaking about individual stocks, Bose said, “I have chosen two stocks. Both the stock I would discuss, I have investment positions in. Reliance Industries I would put a stop loss below Rs 1,135 and I think the momentum is still there to take it to something like Rs 1,157. Prior to that, Rs 1,153 would be another target. Indiabulls Real Estate I would a stop loss below Rs 84 and Rs 89 and Rs 90.40 are the targets. It is not a intraday target, I would say that this is a bit long target, up to Friday.”

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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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