Varun Dubey: BUY Repco Home Finance, UltraTech Cement; SELL Kotak Mahindra Bank and Bharat Forge
Market expert Varun Dubey has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to trade lower today as global cues are negative. We could see selling pressure in many blue-chip stocks today. Asian stocks opened negative today and Indian markets are also looking weak. If European stocks open positive, we could see some recovery during the afternoon session.
Dubey has suggested BUY Call for Repco Home Finance at current price for target of Rs 257 with Stop Loss at Rs 243. Dubey has suggested medium term BUY Call for UltraTech Cement with holding period of five months. The target price for UltraTech Cement has been suggested at Rs 7500.
Dubey has suggested SELL Call for Kotak Mahindra Bank Futures Contract at current price for target price of Rs 1820 with Stop Loss at Rs 1910. Dubey has suggested SELL Call for Bharat Forge Futures Contract at current levels for target price of Rs 715 with Stop Loss at Rs 750.
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.