Ashish Chaturvedi: BUY CONCOR; SELL Bharat Forge, Navin Fluorine and Glenmark
Market expert Ashish Chaturvedi has suggested one BUY Call and three SELL Calls for today’s trading session. Today is the day for sellers in the market and we can expect a gap-down opening for the markets. US, Asian and European markets are showing signs of weakness. US markets turned bearish after hawkish remarks from US FED Chair about interest rate hikes to tame inflation. Global market could see decline this week and investors will be waiting to find a point where markets can be termed as oversold and we could see stability afterwards.
Chaturvedi has suggested SELL Call for Bharat Forge at current price for target of Rs 725 with Stop Loss at Rs 740. Traders can SELL Navin Fluorine at current levels for target price of Rs 4200 with Stop Loss at Rs 4275. The stock is looking weak on the charts.
Chaturvedi has suggested SELL Call for Glenmark Pharmaceuticals at current price of Rs 368 with Stop Loss at Rs 381.
Chaturvedi has suggested technical BUY Call for Container Corporation at current levels for target price of Rs 850 with Stop Loss at Rs 680. Buyers would need to hold this call for a few sessions.
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.