Ashish Chaturvedi: BUY Trent and NMDC; SELL ICICI Lombard, IPCA Labs
Market analyst Ashish Chaturvedi has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower as the US markets witnessed strong correction on Thursday. US inflation hit a record level and investors went for panic selling as there is a strong case for interest rate hikes in the coming Federal Reserve policy meetings.
Chaturvedi has suggested BUY Call for Trent Futures Contract at current price for target of Rs 1100 with Stop Loss at Rs 1068. Chaturvedi has suggested long term BUY Call for NMDC at current levels for target price of Rs 215. The call duration is 12 months.
Chaturvedi has suggested SELL Call for ICICI Lombard Futures Contract at current levels for target price of Rs 1325 with Stop Loss at Rs 1357. Traders can initiate a SELL Trade for IPCA Labs Futures Contract at current levels for target of Rs 986 with Stop Loss at Rs 1024.
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.