Ashish Chaturvedi: BUY Tata Motors, InfoEdge, JSW Energy and PAYTM
Market expert Ashish Chaturvedi has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open lower today as US stocks closed negative on Monday. European markets have also given negative signals and we can expect NSE Nifty to trade lower today. There would be stock specific action in the markets as companies are announcing quarterly results.
Chaturvedi has suggested BUY Call for JSW Energy at current price for target of Rs 240 with Stop Loss at Rs 230. Traders can initiate a BUY Trade for InfoEdge at current levels for target price of Rs 4068 with Stop Loss at Rs 3930.
Chaturvedi has suggested BUY Call for PAYTM at current price for target of Rs 810 with Stop Loss at Rs 700.
Chaturvedi has suggested long term BUY Call for Tata Motors at current price for target of Rs 540. The duration for this call is one year. The stock is looking fundamentally strong and automobile sector is expected to perform well in the coming quarters.
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.