Ashish Chaturvedi: BUY GIC Housing, Radico Khaitan, Vardhman Textiles; SELL DLF
Market expert Ashish Chaturvedi has suggested three BUY Calls and one SELL Call for today’s trade. Indian markets are expected to open flat and we can expect range-bound trade unless there is a major move in the European markets. Indian markets have been showing strength but FIIs have been selling for the last 2-3 sessions. The markets are also at their all-time highs and this could lead to selling pressure in certain stocks. Some companies have witnessed a strong move in the recent months.
Chaturvedi has suggested BUY Call for GIC Housing at current price for target of Rs 186 with Stop Loss at Rs 179. The stock is looking strong on the charts. Chaturvedi has suggested BUY Call for Radico Khaitan at current levels for target of Rs 1300 with Stop Loss at Rs 1200.
Chaturvedi has suggested long term BUY Call for Vardhman Textiles at current levels for target of Rs 430 with holding period of 9-12 months.
Chaturvedi has suggested SELL Call for real estate major DLF at current price for target of Rs 479 with Stop Loss at Rs 487.
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.