Ashish Chaturvedi: BUY Aurobindo Pharma, Navin Fluorine, LIC Housing Finance and RBL Bank
Market expert Ashish Chaturvedi has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a bullish outlook for Indian markets. Indian markets are expected to open lower today. Markets are currently hovering around their all-time highs and we can expect a correction from current levels. During June, FIIs and DIIs pumped a lot of money in Indian equities, raising the major indices to all-time highs. We can expect markets to decline but the trend in local markets will also depend on global sentiment. US markets were closed on July 4 but today’s US Futures will decide the closing trends for Indian stocks.
Chaturvedi has suggested BUY Call for pharmaceutical counter Aurobindo Pharma 715 CALL OPTION at current price for target of Rs 30 with Stop Loss at Rs 20. The stock is looking strong on the charts and can offer good returns in short term. Chaturvedi has suggested short term BUY Call for Navin Fluorine at current levels for target of Rs 4775 with holding period of two weeks. The stock can offer good returns if markets remain positive.
Chaturvedi has suggested BUY Call for LIC Housing Finance at current price for target of Rs 398 with Stop Loss at Rs 387. The stock is looking strong on the charts and offer good returns in short term. Chaturvedi has suggested BUY Call for RBL Bank at current levels for target of Rs 186 with Stop Loss at Rs 180.
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.