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Rajat Bose on March 12: Buy Indusind Bank & sell Allahabad Bank

Updated : March 12, 2019 12:52 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 Bata, GIC Housing Finance, Bajaj Auto, Axis Bank, DLF, Indiabulls Real Estate, Indusind Bank, and Allahabad Bank.

"I am bullish on Indusind Bank. I would put a stop loss below Rs 1,529.75 and my targets would be Rs 1,556 and Rs 1,562. Allahabad Bank March Futures I want to sell. I would sell with a stop above Rs 54.50 and currently it is around Rs 53. My targets would be Rs 50.80 and 49.50."

Stock specific, Bose said, “Axis Bank is a buy with a stop below Rs 739.90, Rs 753 and Rs 757 are the two targets and I am expecting Axis to continue rallying. It can even get past Rs 800 in this current upswing. DLF, stop below Rs 182.75, target would be Rs 189 and Rs 193. I am expecting these targets, at least the first target to be met today itself. Indiabulls Real Estate, Rs 81.50 is my stop loss, Rs 86.50 and Rs 88.90 are the two targets for Indiabulls Real Estate. These two real estate stocks I personally hold in my portfolio.”

Speaking about individual stocks, Bose said, “Bata is hitting all time high, new 52 week high and chances are that we might hit something like Rs 1,400. So I have kept a target of Rs 1,395. It could go beyond that and the stock has moved up since I sent the recommendation. I would like to revise the stop loss below Rs 1,345 instead of Rs 1,325 and it can go up to Rs 1,465-1,470 kind of levels before it encounters any serious resistance. GIC Housing Finance I would put a stop loss below Rs 267, Rs 277 and Rs 283 are the two targets. GIC looks pretty good. Bajaj Auto I have kept a stop loss of Rs 2,978, Rs 3,049 and Rs 3,078 are the two targets. This is a two day trade for Bajaj Auto. However, if it were to go below Rs 2,978, then seek an exit.”

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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