Kushal Gupta: BUY Bajaj Finance, ITC, Godfrey Phillips India and Gujarat Gas; SELL Persistent Systems
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 can witness selling pressure at higher levels. Many market participants are feeling anxious about high valuations for stocks and a correction in the markets could be healthy before the next rally. We can also expect stock specific action in the markets this week.
Gupta has suggested BUY Call for Bajaj Finance at current price for target of Rs 7570 with Stop Loss at Rs 7300. The stock is looking strong on the charts and based on positive news, it could offer good returns today. Gupta has suggested BUY Trade for Godfrey Phillips India at current levels for target of Rs 1750 with Stop Loss at Rs 1680.
Gupta has suggested Long Term BUY Call for FMCG major ITC at current price for target of Rs 565 with holding period of 12 months. The stock is fundamentally strong and considering positive outlook for Indian economy, FMCG companies are good candidates for strong performance.
Gupta has suggested BUY Call for Gujarat Gas at current price for target of Rs 493 with Stop Loss at Rs 470. The stock is looking strong on technical charts after it has given a breakout recently.
Gupta has suggested SELL Call for Persistent Systems at current levels for target of Rs 4700 with Stop Loss at Rs 4910.
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.