Indian Markets Trade Firm; Kushal Gupta suggests BUY Calls for India Cements, Tata Motors and UTI AMC
Indian markets opened positive on Wednesday and NSE Nifty was above 19800 during the first hour of trade. Markets have again turned bullish after positive cues from European and US markets. NSE Nifty could attempt another all-time high this week in case bulls remain in charge. It is highly likely that Indian markets will close positive today.
Among major companies that will be announcing quarterly numbers are Axis Bank, Bajaj Finance, Tata Consumer, Tech Mahindra, BPCL, Colgate, Cipla and Shree Cement. Majority of Indian companies have so far reported numbers as per market expectations.
Kushal Gupta has suggested three BUY Calls for todays’ trading session. Gupta has suggested BUY Call for India Cements Futures Contract at current price for target of Rs 220 with Stop Loss at Rs 211. The stock is looking strong on the charts.
Gupta has suggested BUY Call for Tata Motors August Futures Contract at current levels for target of Rs 664 with Stop Loss at Rs 633. The stock is looking positive on the charts.
Gupta has suggested Long Term BUY Call for UTI AMC at current price for target of Rs 690. The holding period suggested for this call is 12 months.
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.