Market expert Shrikant Chouhan from Kotak Securities has suggested five BUY Calls and no SELL Call indicating a bullish outlook for the markets. Indian markets are expected to open lower today after two days of bullish performance. Global cues have turned negative yesterday and we can expect Indian markets to see weakness in today’s trade.

Chouhan has suggested BUY Call for Reliance Industries on dips to Rs 2,750-2,730 for targets of at least Rs 2,900-3,000 in next few days.

Chouhan has suggested BUY Call for PSU banking major SBI for near-term targets of Rs 530-535. Traders can BUY ICICI Bank for targets of Rs 790-800. The stock is looking strong on the charts and any decline should be considered as an opportunity to buy.

Chouhan has suggested BUY Call for Fortis Healthcare for a target of Rs 290-295.

Traders can BUY pharmaceutical major Sun Pharma for a target of Rs 990 with a stop loss at Rs 920. This is a short term call and traders might need to hold the position.

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.