BUY Zomato and Havells: Sudeep Shah, SBI Securities
Market expert Sudeep Shah from SBI Securities has suggested two BUY Calls for short term traders. Indian markets opened flat today but started showing signs on weakness towards the end of the trading session. Markets are looking forward to trends in the US markets, which will be guided by inflation numbers to be released later today.
Shah has suggested BUY Call for Havells at current levels for a target price of Rs 2,000-2,020. Stop Loss for the trade has been suggested at Rs 1,920. The stock is looking strong on the charts.
Shah has suggested BUY Trade for Zomato at current price for a target price of Rs 290-300. Stop Loss has been suggested at Rs 270 for Zomato.
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.