Prakash Gaba: BUY Godrej Consumer, Hero MotoCorp, L&T; SELL Dr Reddy’s
Market analyst Prakash Gaba has suggested three BUY Calls and one SELL Call for today’s trading session. Indian market is expected to open strong while Asian stocks have lost steam after lackluster data from China. Dow Jones closed slightly negative on Thursday.
Gaba has suggested BUY Call for automobile major Hero MotoCorp. Indian automobile companies have been reporting recovery in sales after COVID-19 lockdowns were lifted and this has helped stock market valuations of automobile companies. Hero MotoCorp is looking strong on the charts. Traders can Buy Hero MotoCorp with a stop loss of Rs 2,775, target at Rs 2,880.
Gaba has suggested BUY Call for infrastructure major L&T with a stop loss of Rs 980, target at Rs 1,020. Traders can initiate a BUY trade for Godrej Consumer with a stop loss of Rs 700, target at Rs 730, as per Gaba.
Gaba has suggested Sell trade for Dr Reddy's Labs with a stop loss of Rs 4,570, target at Rs 4,350.
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.