Arman Nahar: BUY Bajaj Consumer, JSW Energy, Anand Rathi Wealth; SELL Hindalco
Market expert Arman Nahar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we can witness selling pressure in the stock ahead of RBI’s interest rate hike tomorrow. Markets are looking for global cues as well. US markets closed slightly negative on Monday. Indian markets are fundamentally strong and NSE Nifty is hovering around its all-time highs.
Nahar has suggested BUY Call for Bajaj Consumer at current levels for target of Rs 179 with Stop Loss at Rs 172. The stock is looking strong on the charts. Nahar has suggested medium term BUY Call for JSW Energy at current levels for target of Rs 335 with holding period of 3 months.
Nahar has suggested long term BUY Call for Anand Rathi Wealth at current levels for target of Rs 840 with holding period of 12 months.
Nahar has suggested SELL Call for Hindalco at current price for target of Rs 467 with Stop Loss at Rs 488. The stock is looking weak 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.