Kushal Gupta: BUY Axis Bank, ICICI Bank, SBI Life and Infosys
Market expert Kushal Gupta has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open strong and we can witness NSE Nifty challenging major resistance to cross 17450 during the trade. US and European markets closed strong on Monday and Asian stocks were trading firm this morning. As Indian markets registered strong gain during yesterday’s session, the momentum is likely to continue. However, we could also see selling at higher levels so partial profit booking won’t be a bad idea for short term traders.
Gupta has suggested BUY Call for ICICI Bank Futures Contract at current price for target of Rs 910 with Stop Loss at Rs 877. Traders can BUY Axis Bank at current price for target price of Rs 840 with Stop Loss at Rs 810. The stock is looking strong on the charts and today’s market strength will help it further.
Gupta has suggested medium term BUY Call for SBI Life. Investors can BUY SBI Life for six months at current price for target of Rs 1400.
Gupta has suggested BUY Call for Infosys Technologies at current level for target of Rs 1520 with Stop Loss at Rs 1460.
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.