Rajat Bose on March 14: Sell Bajaj Auto; buy NBCC
The latest analysis and commentary by stock market guru Rajat Bose on what is moving the markets today. Check out his top stock recommendations.
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 Castrol India, SRF, Bharat Financial Inclusion, Yes Bank, Bajaj Auto, NBCC.
“Bajaj Auto March futures I would put a sell. Put a stop above Rs 3,025 and sell Bajaj Auto because the chart pattern is such that from this kind of chart pattern Bajaj Auto be it in futures or be it in the Swot, it has gone down. A corrective move begins from here. I am expecting Rs 2,977 and Rs 2,963; these are the two targets for Bajaj Auto March futures. NBCC, a stock I personally hold in my investment portfolio. Rs 61 should be your stop loss, Rs 63.30, Rs 64.80 and Rs 65.20 are the three targets for NBCC,” Bose said.
“I have one buy call and one sell call. Castrol I would buy with a stop below Rs 165. Rs 171 and Rs 173 are the two targets for Castrol. It is attracting a lot of volume and the stock is looking pretty strong. SRF March futures, I would sell it with a stop above Rs 2,402 and target would be Rs 2,334 and Rs 2,320. This is not a day trade, it is a two-days trade, by the end of this week, that is by tomorrow’s close SRF should reach those levels, it is on a correction mode,” he said.
“I am trading two financial stocks, one is Bharat Financial which has moved up currently at Rs 1,041.80 and I would like to buy it with a stop below Rs 1,032 and the target would be Rs 1,053 and thereafter if it moves further, it can even move upto Rs 1,059. The second stock is Yes Bank which I personally hold some shares in my investment portfolio. I would put a stop loss below Rs 245, I am looking at a target of Rs 259 and Rs 264,” he added.
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First Published: Mar 14, 2019 10:21 AM IST
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