Kush Bohra: BUY Hindalco and Bank of Baroda
Technical analyst Kush Bohra has suggested two BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open lower today and we could see further selling today. Asian markets were trading lower during the morning session. US markets closed lower on Thursday and many blue-chip stocks were trading near their yearly lows. Indian markets are expected to close lower today, mainly due to weak global cues.
Bohra has suggested BUY Call for metal counter Hindalco at current levels for a target of Rs 470 with a stop loss at Rs 448. The stock is looking strong on the charts. Once market conditions stabilize, this counter could offer positive returns.
Bohra has suggested BUY Call for PSU banking major Bank of Baroda at current levels for a target of Rs 190 with a stop loss at Rs 170.
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.