Prakash Gaba: BUY ITC, ICICI Bank and GAIL
Market expert Prakash Gaba has suggested three BUY Calls and no SELL Calls for today’s trading session, suggesting a bullish outlook for Indian markets. NSE Nifty can open nearly 100 points higher as strong global cues would improve investor sentiment in India as well. Indian markets could soon touch all-time highs for market indices. US markets closed positive on Monday and Asian stocks have been trading positive today.
Gaba has suggested BUY Call for PSU energy major GAIL with a stop loss of Rs 148, target at Rs 160. Among FMCG stocks, ITC is looking strong on the charts. Traders can initiate a BUY Trade for ITC with a stop loss of Rs 209, target at Rs 215, as per Gaba.
Banking sector is looking strong as well with some of the banks announcing better than expected quarterly numbers. Gaba has suggested BUY Call for private banking major ICICI Bank with a stop loss of Rs 610, target at Rs 635.
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.