Ashish Chaturvedi: BUY NALCO, Escorts; SELL SBI Life and Adani Ports
Market expert Ashish Chaturvedi has suggested two BUY Calls and two SELL Calls for today’s trading session. As fears about new COVID strain have led to panic selling across global markets, we can expect a highly volatile session for Indian markets today. US markets closed negative on Friday and Asian markets were trading weak this morning.
Chaturvedi has suggested medium term BUY Call for NALCO at current levels for target price of Rs 130. The duration for this call has been suggested 12-18 months. Chaturvedi has suggested BUY Call for automobile counter Escorts at current levels for target price of Rs 2000 with Stop Loss at Rs 1830.
Chaturvedi has suggested SELL Call for Adani Ports Futures contract at current levels for target price of Rs 705 with Stop Loss at Rs 726. Chaturvedi has suggested SELL Trade for SBI Life Futures contract at current levels for target price of Rs 1107 with Stop Loss at Rs 1148.
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.