Ashish Chaturvedi: BUY Bajaj Auto, JSW Energy, Godawari Power; SELL Lupin
Market expert Ashish Chaturvedi has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today as Asian markets have been trading low this morning. The selling pressure due to Ukraine – Russia issue could lead to interesting valuations for some stocks but the conditions will only improve in case there is a clear indication that Russia will withdraw its troops. US markets are expected to remain volatile this week.
Chaturvedi has suggested BUY Call for automobile major Bajaj Auto Futures Contract at current levels for target price of Rs 3680 with Stop Loss at Rs 3612. Chaturvedi has suggested BUY Trade for Godawari Power at current levels for target price of Rs 320 with Stop Loss at Rs 295.
Chaturvedi has suggested Long Term BUY Trade for JSW Energy at current levels for target price of Rs 410. The holding period for this call is 9-12 months.
Traders can SELL pharmaceutical major Lupin at current levels for target price of Rs 756 with Stop Loss at Rs 776. The stock is looking weak on technical charts.
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.