Ashish Chaturvedi: BUY Amara Raja, Blue Star, Siyaram Silk and Ethos
Market expert Ashish Chaturvedi has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open slightly lower. The global cues are negative but local market sentiment is still bullish. NSE Nifty remains in uptrend while it trades above 18,000 levels. Nifty could take support from 17890-17870 range. Indian stocks have outperformed emerging market peers during the last couple of weeks.
Chaturvedi has suggested BUY Call for Amara Raja Batteries at current levels for target of Rs 532 with Stop Loss at Rs 515. Chaturvedi has suggested BUY Call for Siyaram Silk at current price for target of Rs 490 with Stop Loss at Rs 468. The stock is looking strong on the charts.
Chaturvedi has suggested medium term BUY Call for Blue Start at current levels for target of Rs 1400 with holding period of six months.
Chaturvedi has suggested BUY Call for Ethos at current levels for target of Rs 1005 with Stop Loss at Rs 970.
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.