Ashish Chaturvedi: BUY TVS Motors, FIEM Industries, Phoenix Mills and Polycab India
Market expert Ashish Chaturvedi has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open strong today as US markets closed positive on Thursday. Global markets have shown strength during the last two trading sessions and Indian markets could see strong trading session today. However, we can’t rule out possibility of selling pressure at higher levels.
Chaturvedi has suggested BUY Call for automobile major TVS Motor Company at current levels for target price of Rs 795 with Stop Loss at Rs 760. Traders can initiate a BUY Trade for FIEM Industries at current price for target price of Rs 1235 with Stop Loss at Rs 1156. The stock is looking strong on technical charts.
Chaturvedi has suggested long term BUY Call for Phoenix Mills at current levels for target price of Rs 1400. The holding period for this call is 9-12 months.
Chaturvedi has suggested BUY Call for Polycab India at current levels for target price of Rs 2268 with Stop Loss at Rs 2152.
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.