Chandan Taparia: BUY Apollo Tyres, HDFC Life; SELL Trent
Market analyst Chandan Taparia from Motilal Oswal Financial has suggested two BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today and we can expect positive bias in the markets. US markets are still not sending a clear signal and trading has been in a narrow range over the last few sessions. European stocks have been trading firm over the last few trading sessions. Indian markets could recover if global sentiment improves.
Taparia has suggested BUY Call for HDFC Life at current price for a target of Rs 640 with a stop loss at Rs 598. The stock is looking strong on the charts. Taparia has suggested BUY Call for Apollo Tyres at current price for a target of Rs 360 with a stop loss of Rs 330.
Taparia has suggested SELL Call for Trent at current levels for a target of Rs 1,230 with a stop loss at Rs 1,315.
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.