Arman Nahar: BUY Cipla, JK Paper, Sun Pharma and Polyplex Corporation
Market expert Arman Nahar has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets registered strong performance last week as global cues were positive. Investors have probably factored in the interest rate hikes and we are looking forward to better quarterly numbers. NSE Nifty is looking bullish at current levels. If the news flow remains positive on global front, we could see markets gaining further ground during this week.
Nahar has suggested BUY Call for pharmaceutical major Cipla Futures Contract at current price for target of Rs 1010 with Stop Loss at Rs 970. Nahar has suggested BUY Call for Sun Pharma at current price for target of Rs 965 with Stop Loss at Rs 932. The stock is looking strong on technical charts.
Nahar has suggested BUY Call for JK Paper at current price for target of Rs 357 with Stop Loss at Rs 342. Long term investors can BUY Polyplex Corporation at current price for target of Rs 2750. The duration of this Call has been suggested at 12 months.
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.