Ashish Chaturvedi: SELL HDFC, ICICI Prudential, City Union Bank; BUY Hindalco
Market expert Ashish Chaturvedi has suggested three SELL Calls and one BUY Call for today’s trading session. Indian markets have been declining over the last few sessions and NSE Nifty is currently facing a major resistance. Any upside could be considered as a selling point to recover at lower prices. The US markets witnessed a volatile session with stocks losing further ground as investors are worried about the Russia-Ukraine issue. Markets will remain volatile for the next few sessions and traders should keep strict stop loss for all trades.
Chaturvedi has suggested SELL Call for financial services major HDFC at current levels for target price of Rs 2250 with Stop Loss at Rs 2340. The stock is looking weak on the charts.
Chaturvedi has suggested SELL Trade for ICICI Prudential at current price for target price of Rs 490 with Stop Loss at Rs 508.
Traders can initiate a SELL Trade for City Union Bank at current levels for target price of Rs 129 with Stop Loss at Rs 134.
Chaturvedi has suggested BUY Call for metal counter Hindalco at current levels for target price of Rs 530 with Stop Loss at Rs 515.
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.