First Leasing and Pipavav good stocks: Rajat Bose

Rajat Bose, rajatkbose.com in an interview with ET Now talks about Kiri Dyes, Nitin Fire and Pipavav, Patni.

A quick word on Kiri Dyes, Nitin Fire, Pipavav Shipyard, just a one day or probably do you see a trend building up here?

Kiri Dyes has been hammered like hell in the recent past and it went down from early January level of nearly 880, it went down to close to about 320 or so and then it is sort of showing a recovery. I heard some real fantastic price projections going forward but for me to show that kind of strong price movement over the long term at least it should be able to clear the supply zone between say 540 and 600 unless that happens. At least it is very difficult to get a confidence about this stock going up or maintaining its uptrend even, so I am not very enthusiastic about that. Pipavav Shipyard needs to cross 83 with strong volume activity if it does then you will see good amount of buying coming in. Pipavav and First Leasing are the two stocks that the analyst discussed short while ago. These stocks are similar in chart patterns especially that they have formed a bottoms in the recent past and trying to move up, so there could be some buying opportunities out there. Nitin Fire needs to cross 87 decisively only then you will find good move happening out there otherwise even that would peter out, so if I want to choose I would choose primarily First Leasing and may be Pipavav.