Kushal Gupta: BUY Accelya Solutions, Canara Bank, Escorts Kubota, IndiaMart; SELL Bandhan Bank
Market expert Kushal Gupta has suggested four BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today but we could witness a range-bound session with negative bias. Markets are already trading near all-time highs for the last two weeks and many stocks are looking overvalued. IT stocks witnessed surge in the last few sessions as TCS announced strong quarterly performance. We can expect stock specific action this week as many companies will be announcing quarterly numbers.
Gupta has suggested BUY Call for Accelya Solutions at current levels for target of Rs 1390 with Stop Loss at Rs 1320. The stock is looking strong on the charts. Gupta has suggested BUY Call for PSU banking major Canara Bank at current price for target of Rs 339 with Stop Loss at Rs 320.
Gupta has suggested BUY Call for Escorts Kubota at current price for target of Rs 2450 with Stop Loss at Rs 2340. The stock has given a positive breakout and is looking strong on the charts. Based on positive news, Escorts Kubota could offer good returns.
Gupta has suggested BUY Trade for IndiaMart at current levels for target of Rs 2950 with Stop Loss at Rs 2870. The stock is looking strong on technical charts. The counter can offer returns as there is a positive news from the company.
Gupta has suggested SELL Call for Bandhan Bank at current levels for target of Rs 216 with Stop Loss at Rs 227. The stock is looking weak on the charts and could trade lower due to weakness.
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.