Ashish Chaturvedi: BUY Oberoi Realty, UNO Minda, Dixon Technologies, Indigo Paints and Mankind Pharma
Market expert Ashish Chaturvedi has suggested five BUY Calls and no SELL Call for short term investors and traders. Indian markets are expected to open flat today and the trend will mainly depend on European and US markets. NSE Nifty is again trading firm and sentiment in Indian markets is positive. However, the global market trend will be a deciding factor this week. US markets have remained firm last week and we could see markets trading in a narrow range this week.
Chaturvedi has suggested BUY Call for real estate major Oberoi Realty at current levels for target of Rs 1370 with Stop Loss at Rs 1320. The stock is looking strong on the charts and can offer decent returns in short term. Chaturvedi has suggested Long Term BUY Call for UNO Minda at current price for target of Rs 770 with holding period of 9-12 months. The stock is looking fundamentally strong.
Chaturvedi has suggested BUY Trade for Dixon Technologies at current price for target of Rs 5525 with Stop Loss at Rs 5400. The stock is looking good on technical charts and on back of positive news, can offer decent returns to short term traders.
Chaturvedi has suggested short term BUY Call for Mankind Pharma at current price for target price of Rs 1950 with Stop Loss at Rs 1900. The stock could see rerating is it is included in the FTSE global indices.
Chaturvedi has suggested BUY Trade for Indigo Paints at current levels for target of Rs 1580 with Stop Loss at Rs 1515.
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.