Ashish Chaturmohta: BUY HDFC Bank, Cholamandalam, L&T and ITC
Market expert Ashish Chaturmohta from JM Financial Services has suggested four BUY Calls for short to medium term for investors. Indian markets are expected to open strong today as US markets closed positive on Monday after last week’s decline. Indian markets are hovering around all time highs for major indices. Bank Nifty has been strong over the last few sessions as banking stocks have been in the limelight. Indian markets are expected to see strong closing today.
Chaturmohta has suggested BUY Call for private banking major HDFC Bank keeping Rs 1,615 as a trading stop loss. Chaturmohta has suggested target of Rs 1,720-1,730 in immediate short-term for HDFC Bank.
Chaturmohta has suggested BUY Call for Cholamandalam Investment and Finance Company with Rs 730 as a trading stop loss. The stock could soon offer Rs 800 levels if markets remain positive.
Chaturmohta has suggested BUY Call for infrastructure major Larsen &Toubro with a stop loss around Rs 2,130. On the upside, the stock could reach Rs 2,250-2300.
FMCG major ITC is on Chaturmohta’s buying list. The stock has consolidated at Rs 330-344 for a while and now it is poised for a fresh rally, as per Chaturmohta. Traders can keep Rs 338 as a trading stop loss and expect target of Rs 360-365.
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.