Arman Nahar: BUY CreditAccess Grameen, Tanla Platforms, Godrej Properties and Oberoi Realty
Market expert Arman Nahar has suggested four BUY Call and no SELL Call for short term traders. Indian markets are expected to open flat and we can expect stock specific action in the markets today. The markets are expected to remain slightly negative today. The market rally in the last few weeks paused during the last week. Markets are looking for next major trigger and have remained in a narrow range during the last few sessions.
Nahar has suggested long BUY Call for Tanla Platforms at current levels for target of Rs 1200 with holding period of 12 months. The stock is fundamentally strong and if markets remain positive, this counter can reward long term investors. Nahar has suggested BUY Call for CreditAccess Grameen at current price for target of Rs 1427 with Stop Loss at Rs 1372. The stock is looking strong on technical charts.
Nahar has suggested two counters from real estate sector. Traders can BUY Godrej Properties at current price for target of Rs 1545 with Stop Loss at Rs 1485. Godrej Properties has announced buying land parcel in NCR for development of premium housing. Nahar has suggested Long Term BUY Call for Oberoi Realty for target price of Rs 1180 with holding period of 12 months.
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.