BUY Tata Chemicals, Asian Paints and Indus Towers: Rajesh Palviya, Axis Securities
Rajesh Palviya from Axis Securities has suggested BUY Calls for three stocks for short to medium term traders. Indian markets have been trading strong over the last few weeks and we have witnessed NSE Nifty touching all-time highs multiple times during the last few weeks. The trend in Indian market is still bullish.
Palviya has suggested BUY Call for Asian Paints with target price of Rs 3,550-3,650. Asian Paints can be bought in 3,400 range with a stop loss of Rs 3,300 as per Palviya.
Tata Chemicals is also looking strong at the current levels after the stock has broken a major resistance. Tata Chemicals can be bought around Rs 880 with a target price of Rs 940 – 960. Short term traders should keep a stop loss of Rs 850 for Tata Chemicals.
Indus Towers has been suggested as BUY Call with target price of Rs 350 – 380. The stop loss should be at Rs 290. The stock looks poised for strength in the coming session after it has broken a major resistance, as per Palviya.
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.