Market expert Shrikant Chouhan from Kotak Securities has recommended two BUY Calls for short term traders. Indian markets are expected to open lower today and we might need a few days to settle for a level as US markets have turned volatile due to higher inflation. US Federal Reserve has indicated that interest rates would be hiked and this has led to panic among investors and traders. Indian markets are expected to remain negative for today’s trade.

Chouhan has suggested BUY Call for Tata Steel for a target of Rs 1,300 with a stop loss at Rs 1,230. The stock is looking strong on the charts and we can expect a positive move once the markets settle.

Chouhan has suggested BUY Call for NMDC with a stop loss at Rs 153. Market expert Ashish Chaturvedi has also suggested long term BUY Call for NMDC at current price for target of Rs 215 (within 12 months).

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.