Ashish Chaturvedi: BUY Biocon, Redington, M&M Finance and AstraZeneca Pharma
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 positive today but selling pressure at higher levels is possible. Markets are currently in uncharted territory as major indices are at all-time highs. Indian markets are looking for next major triggers. Many market participants are anticipating a health correction for the markets as many stocks are looking overstretched at current valuations.
Chaturvedi has suggested BUY Call for Biocon at current price for target of Rs 270 with Stop Loss at Rs 230. The stock is looking strong on the charts. Chaturvedi has suggested short term BUY Call for AstraZeneca Pharma at current levels for target of Rs 3990 with holding period of two weeks. The stock can offer good returns if markets remain positive.
Chaturvedi has suggested short term BUY Trade for Redington India at current price for target of Rs 211. The holding period for this Call is two weeks.
Chaturvedi has suggested BUY Call for Mahindra & Mahindra Finance 345 CALL OPTION at current price for target of Rs 19 with Stop Loss at Rs 10. The stock is looking strong on the charts and CALL OPTION can offer good returns in short term.
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.