Book profit on Titan Industries, rally begun for Bajaj Auto: Sandeep Wagle

ET Now spoke to Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, for a technical check on Titan Industries and Bajaj Auto.

Your views on Titan Industries?

For Titan Industries, the trend is positive but look at it the way it has moved from a low of around 2100 to 2700-2750, possibly today it has made a high of 2800. So if you have bought it at lower levels, some profit booking definitely would make better sense because when you have such a sharp rise, a small correction of 5-7-8% cannot be ruled out. So I would talk of booking some profits and definitely not a buy at current levels.

Bajaj Auto on the charts?

The rally has begun. In fact, last week I had a view that 2500 will not be crossed. It touched 2500, came down to 2400, 3-4 days it was moving in the range of 2400-2410 and yesterday the move that has happened, has happened with very good volumes. The level 2500 once crossed, which it has crossed today, the move can extent to 2580 to 2600, 2580 is our target and that can happen in the next 5 to 8 trading sessions.