Buy Sesa Goa, wait for Cairn India: Rajat Bose

ET Now spoke to Rajat Bose, rajatkbose.com, on Cairn India and Sesa Goa.

What is the call on Cairn?

If you allow me to add Sesa Goa as the complementary stock to that, then I would rather prefer moving to Sesa Goa rather than a Cairn because in my technical studies I find that 365 to about 375 is a major supply zone for Cairn India. Over the long term, that is possible that it would sustain above that level but Cairn is likely to get some bullish piece of news, some bullish event would unfold and market was adequately discounting it whereas Sesa Goa was a beaten down stock until recently and now it is coming to the fore and it is quickly catching up. Maybe at 355 to 365, that stock will suffer some supplies but overall from a percentage terms basis, one would be better off investing in Sesa Goa rather than Cairn, of course from an industry point of view may be unrelated but we all know that they are now going to belong to the same group.