Here are some stock queries answered by Rajat Bose & Mitessh Thakkar

Thakkar recommended buying IDFC First and Kotak Mahindra Bank. He said, “I have two banking stocks on my buy list. Kotak Mahindra Bank has broken beyond Rs 1,300 levels. So keep a stop at Rs 1,299 and look for targets of Rs 1,350. IDFC First, again a positive pattern over here. So buy with a stop below Rs 50.70 and look for targets close to about Rs 53.”

“The oil marketing companies (OMCs) seem to be charging up. I think the rupee strengthening is helping matters. We are seeing some expansion in open interest. So recommending buying of Indian Oil Corporation (IOC). One could buy the futures for a possible target of Rs 158 and keep a stop loss of Rs 149. The last one is buying the futures of IDFC First Bank. This again has been some sort of a consolidation in the Rs 49-51 range, but today is showing signs of some breakout. Chartically it looks that it could possibly gather momentum. So one could buy futures for a possible target of Rs 57, but also recommend a stop loss of Rs 50,” Subramanyam 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.