Arman Nahar: BUY Lupin, Anand Rathi Wealth; SELL Laurus Labs and Tata Motors
Market expert Arman Nahar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open slightly positive today. We can witness NSE Nifty touching fresh all-time high in today’s trade. Market sentiment is bullish and global cues are neutral today. We can also witness selling at higher levels but market sentiment is expected to remain positive. Traders should keep strict stop loss as markets are currently at the highest levels.
Nahar has suggested BUY Call for pharmaceutical major Lupin at current levels for target of Rs 753 with Stop Loss at Rs 730. Nahar has suggested long term BUY Call for Anand Rathi Wealth at current levels for target of Rs 840 with holding period of 12 months. The stock is looking fundamentally strong.
Nahar has suggested SELL Call for Laurus Labs at current levels for target of Rs 444 with Stop Loss at Rs 457. The stock is looking weak on the charts and Kotak Securities has suggested SELL Rating for the stock.
Nahar has suggested BUY for Tata Motors 435 PUT Option at Rs 13 for target of Rs 19 with Stop Loss at Rs 10. 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.