Arman Nahar: BUY Cipla, Nitin Spinners, Oberoi Realty and Maruti Suzuki
Market expert Arman Nahar has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open strong today and the markets are expected to see a relief rally. Markets have been trading weak over the last few sessions and NSE Nifty has lost nearly 800 points. US markets witnessed smart recovery yesterday after inflation numbers came as per expectations. We can expect Indian markets to close positive today.
Nahar has suggested BUY Call for pharmaceutical major Cipla at current levels for target of Rs 900 with Stop Loss at Rs 865. Nahar has suggested BUY Call for Maruti Suzuki Futures Contract at current price for target of Rs 8770 with Stop Loss at Rs 8460.
Nahar has suggested short term BUY Call for Oberoi Realty at current levels for target of Rs 970 with holding period of two months.
Nahar has suggested long term BUY Call for Nitin Spinners at current price for target of Rs 270. The stock is fundamentally strong.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.