Prakask Gaba: BUY Bata India, HCL Tech, Kotak Mahindra Bank and SELL BioCon, PowderGrid

Prakask Gaba: BUY Bata India, HCL Tech, Kotak Mahindra Bank and SELL BioCon, PowderGrid

Market analyst Prakash Gaba has suggested three buy calls for traders and two sell calls for today’s session. Indian markets closed positive on Thursday and market participants were surprised by the positive close for the markets. On Thursday, US markets jumped during the early session but the closing was low after disappointing test results from a potential COVID-19 treatment.

Prakash Gaba has suggested BUY Call for footwear maker Bata with a stop loss of Rs 1,230, target at Rs 1,350. Traders should keep strict stop loss for all the trades. Market sentiment and direction change very quickly in these volatile times due to coronavirus pandemic.

Another stock on Gaba’s buying list is from technology sector. Gaba suggested traders to BUY HCL Tech with a stop loss of Rs 472, target at Rs 490. Private banking major Kotak Mahindra Bank is also on Gaba’s radar for the day. Traders can BUY Kotak Bank with a stop loss of Rs 1,200, target at Rs 1,350.

Biotechnology company Biocon is looking weak on the charts as per Prakash Gaba. He suggests Sell Call for Biocon with a stop loss of Rs 355, target at Rs 330. Other selling call for today’s session is from power sector PSU PowderGrid. Gaba suggests traders to Sell PowerGrid with a stop loss of Rs 160, target at Rs 150.

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