Shrikant Chouhan: BUY Axis Bank and HCL Technologies
Market expert Shrikant Chouhan from Kotak Securities has suggested two BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open strong today and we can witness buying across the board in the markets today. US markets registered strong performance on Thursday after inflation numbers were released. While the inflation was high and markets tanked in the start of the session, a strong pullback rally was witnessed during the session. The bullish sentiment in the US markets has led to strong rally in the Asian markets as well.
Chouhan has suggested BUY Call for technology major HCL Technologies for a target of Rs 1,060-1,080 with a stop loss at Rs 950. HCL Technologies announced strong quarterly numbers and the stock is looking good for short term investment. The counter has witnessed positive re-rating from many market experts and we can expect HCL Stock to see strong performance in upcoming sessions.
Chouhan has suggested BUY Call for private banking major Axis Bank for a target of Rs 850-860 with a stop loss at Rs 780. The stock is looking strong 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.