Arman Nahar: BUY Chennai Petro, Century Ply, Oberoi Realty; SELL Granules India
Market analyst 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 see selling pressure today after eight days of positive trade for local markets. US markets closed almost flat on Thursday. Indian markets are hovering around their all-time highs for stock indices. For NSE Nifty, 19000 will be a major resistance level.
Nahar has suggested BUY Call for Chennai Petro at current price for target of Rs 218 with Stop Loss at Rs 210. The stock can offer decent returns based on the positive news on the counter. Nahar has suggested BUY Call for Century Ply at current levels for target of Rs 570 with Stop Loss at Rs 550.
Nahar has suggested long term BUY Call for Oberoi Realty at current levels for target of Rs 1050. The holding period for this stock has been suggested at 12 months.
Nahar has suggested SELL Call for Granules India at current levels for target of Rs 336 with Stop Loss at Rs 346. 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.