Buy Reliance Infrastructure; sell ONGC, GAIL India: Rajat Bose

Buy Reliance Infrastructure; sell ONGC, GAIL India: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, “I have two oil & gas stocks as sell and Reliance Infrastructure as a buy. In Reliance Infra, June Futures, I would put a stop loss below Rs 495 and my targets are Rs 517 and Rs 523 on the upside. It is a positional call. Either tomorrow or by Monday, these targets will be reached.”

“In Oil and Natural Gas Corporation (ONGC), I am looking at the target range of Rs 155 to about Rs 145. ONGC is on the last leg of its downtrend. But the selling could accentuate once it falls below Rs 160. So put a stop loss above Rs 167, target is Rs 155-145. Again it is the June Futures,” he said. Read More…

 

Credit By : MoneyControl

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