Ashish Kyal: BUY Sun Pharma and ITC

Ashish Kyal: BUY Sun Pharma and ITC

Market expert Ashish Kyal from Waves Strategy Advisors has suggested two BUY Calls for short term traders. Indian markets opened slightly positive today but we are expecting a volatile session today. Markets have lost ground during the first hour of trade. US futures was trading negative today and we can expect small correction in Indian markets today.

Kyal has suggested BUY Call for FMCG major ITC for short term traders. Traders can BUY ITC at current levels for a target of Rs 520 with a stop loss at Rs 468. The stock has given positive breakout in the recent weeks. We can expect ITC to showcase strong performance if markets remain positive.

Kyal has suggested BUY Call for pharmaceutical major Sun Pharma at current price for target of Rs 1,170 with Stop Loss at Rs 1,056. The stock is looking strong on the charts. Pharmaceutical stocks have witnessed strength in the recent weeks and many are near their 52-week highs.

All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts

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