Kushal Gupta: BUY Infosys, HDFC, IndusInd Bank, SELL Cipla, Tata Power
Market analyst Kushal Gupta has suggested three BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open slightly negative today as the global trend is cautious. US markets opened strong on Tuesday but ended the trading session lower. Indian markets closed below major resistance level for NSE Nifty and we can still expect weakness in the markets.
Gupta has suggested BUY Call for financial services major HDFC at current price for target price of Rs 2260 with Stop Loss at Rs 2180. Traders can initiate a BUY Trade for IndusInd Bank at current levels for target price of Rs 930 with Stop Loss at Rs 900.
Gupta has suggested long term BUY Call for technology major Infosys at current levels for target price of Rs 1800. The suggested holding time for this call is one year.
Gupta has suggested SELL Call for Cipla Futures Contract at current levels for target price of Rs 900 with Stop Loss at Rs 937. Traders can SELL Tata Power Futures Contract at current price for target price of Rs 215 with Stop Loss at Rs 225. The stock is looking weak on the charts.
All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.