Kushal Gupta: BUY Greenlam Industries, ICICI Bank; SELL Axis Bank and Ramco Cement

Kushal Gupta: BUY Greenlam Industries, ICICI Bank; SELL Axis Bank and Ramco Cement

Market expert Kushal Gupta has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today and we could see NSE Nifty taking support from lower levels. Markets have been trading firm for the last three weeks and investing community is expecting a minor correction at the current levels. US and European markets would dictate the direction of Indian markets this week.

Gupta has suggested BUY Call for private banking major ICICI Bank for long term. Investors can BUY ICICI Bank at current levels for target price of Rs 1000 with holding period of one year. Gupta has suggested BUY Call for Greenlam Industries at current price for target of Rs 366 with Stop Loss at Rs 350.

Gupta has suggested SELL Call for Ramco Cement Futures Contract at current price for target of Rs 735 with Stop Loss at Rs 765. The stock is looking weak on technical charts. Gupta has suggested SELL Call for Axis Bank Futures Contract at current price for target of Rs 735 with Stop Loss at Rs 763.

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.

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