Rajat Bose of rajatkbose.com told CNBC-TV18, "The thing about Majesco is this that it tested a high of Rs 708.80 on December 1. After that there is a corrective swing which took it up to Rs 541 day before yesterday and yesterday's price action has given a strong buy signal from the short-term moving averages. You use eight days, you use 13 days whatever they have given a strong buy signal and because of that I have chosen it as a buy. I would put a stop loss below Rs 598 and looking at a target of Rs 660 because when Majesco moves it gives majestic moves."
"Shipping industry stocks are looking quite good. In fact Mercator is the best play out there but today I have chosen the industry leader Great Eastern Shipping Company and the chart suggest that Great Eastern is trying to break out on the upside and good volume is backing it up. So, buy it with a stop loss below Rs 366.80 and targets Rs 385," he said.
