Shrikant Chouhan: BUY Tech Mahindra and PI Industries
Market expert Shrikant Chouhan from Kotak Securities has suggested two BUY Calls for short term traders. Indian markets are expected to open lower today as global markets have turned bearish. The sentiment in Indian markets has been slightly on the negative side over the last few trading sessions and markets have been moving sideways. Markets will be looking forward to quarterly results this month.
Chouhan has suggested BUY Call for technology counter Tech Mahindra. The stock is looking strong on the technical charts. Tech Mahindra could also announce positively surprising results. Traders can BUY Tech Mahindra for a target of Rs 1,430 with a stop loss at Rs 1,300, as per Chouhan.
Chouhan has suggested BUY Trade for PI Industries for a target of Rs 3,300 with a stop loss at Rs 3,100. 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.