Kushal Gupta: BUY CCL Products, Axis Bank, Bajaj Auto, Siemens and Sun Pharma
Market expert Kushal Gupta has suggested five BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open positive today and we could see sustained buying in today’s session. Markets have been showcasing bearish trend over the last few trading sessions but today could be a day for rally. US markets closed positive on Wednesday with Dow Jones gaining nearly 0.54 percent while technology index Nasdaq was up by 1.6 percent. The global trend for today could be positive and Asian stocks were trading firm this morning.
Gupta has suggested BUY Call for CCL Products at current levels for target of Rs 630 with Stop Loss at Rs 600. The stock is looking strong on the charts and on back of positive news, it could offer quick returns to traders.
Gupta has suggested long term BUY Call for automobile major Bajaj Auto at current price for target of Rs 5400. The stock is fundamentally strong and long term investors can hold it for 12 months, as per Gupta.
Gupta has suggested BUY Trade for Axis Bank Futures Contract at current price for target of Rs 1010 with Stop Loss at Rs 965. The stock can offer quick returns to short term traders and banking stocks could see strong performance these days.
Gupta has suggested BUY Call for Sun Pharma at current levels for target of Rs 1150 with Stop Loss at Rs 1110. Traders can BUY Siemens at current price for target of Rs 3830 with Stop Loss at Rs 3690.
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.