Ashish Chaturvedi: BUY Schneider Electric, Grindwell Norton, ONGC; SELL LIC Housing

Ashish Chaturvedi: BUY Schneider Electric, Grindwell Norton, ONGC; SELL LIC Housing

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 today and we can see marketing trading in a narrow range for today’s session. Indian markets are looking forward to US and European markets. US Federal Reserve will be announcing interest rate hike today and the direction of US market will depend on Federal Reserve’s plan on future rate hikes. Indian markets are looking positive as NSE Nifty is above is major resistance levels.

Chaturvedi has suggested BUY Call for Schneider Electric at current price for target of Rs 190 with Stop Loss at Rs 175. Chaturvedi has suggested BUY Clal for Grindwell Norton at current levels for target of Rs 2200 with Stop Loss at Rs 2100. The stock is looking strong on the charts.

Chaturvedi has suggested long term BUY Call for energy PSU ONGC at current price for target of Rs 170. The holding period for this call has been suggested at 12 months.

Chaturvedi has suggested SELL Call for LIC Housing Finance at current price for target of Rs 385 with Stop Loss at Rs 407.

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.

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