Ashish Chaturvedi: BUY Minda Corp, Abbott India, Coal India; SELL Cadila Healthcare
Market expert Ashish Chaturvedi has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat but we can expect recovery later during the trading session as US markets recovered on Monday. Global markets faced panic selling due to concerns over new strain of COVID emerging in South Africa. But, some market analysts feel that normalcy will return to the markets soon.
Chaturvedi has recommended BUY Call for automobile parts counter Minda Corp at current levels for target price of Rs 178 with Stop Loss at Rs 166. Chaturvedi has suggested BUY Call for PSU energy major Coal India at current price for target of Rs 160 with Stop Loss at Rs 150.
Chaturvedi has suggested BUY Call for pharmaceutical major Abbott India at current levels for target price of Rs 24,000. The suggested holding period for this call is 12 months.
Chaturvedi has suggested SELL Call for Cadila Healthcare Futures contract at current levels for target price of Rs 450 with Stop Loss at Rs 463.
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.