Ashish Chaturvedi: BUY JBM Auto; SELL Tata Power, HDFC AMC and India Cements
Market expert Ashish Chaturvedi has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open flat today and we can witness a range-bound session. Markets are hovering around all-time highs for NSE Nifty and the sentiment is certainly bullish among local traders. The bearish trend in global markets has kept Indian markets range-bound this week. After last week’s rally, this week has largely been range-bound for markets.
Chaturvedi has suggested BUY Call for JBM Auto for medium term. Investors can BUY JBM Auto at current levels for target of Rs 515 with holding period of 6-9 months.
Chaturvedi has suggested SELL Trade for Tata Power at current price for target of Rs 216 with Stop Loss at Rs 226. Chaturvedi has suggested SELL Call for HDFC AMC at current levels for target of Rs 2020 with Stop Loss at Rs 2060.
Chaturvedi has suggested SELL Call for India Cements Futures Contract at current levels for target of Rs 227 with Stop Loss at Rs 240.
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.