Kushal Gupta: BUY HDFC Bank, Axis Bank, Indigo and Indian Hotels
Market expert Kushal Gupta has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open positive today as Asian stocks were trading strong this morning. US and European markets staged a recovery on Tuesday as the tensions between Russia and Ukraine were slightly lower. Ukraine has announced that it won’t push for NATO membership and this could lead to a resolution for the ongoing war between Russia and Ukraine.
Gupta has suggested BUY Call for HDFC Bank Futures Contract at current levels for target price of Rs 1370 with Stop Loss at Rs 1320. Gupta has suggested BUY Call for Axis Bank at current levels for target price of Rs 690 with Stop Loss at Rs 663. The stock is looking strong on technical charts.
Gupta has suggested BUY Call for Indigo Airlines as the government has announced opening of international flights. Based on the news, aviation stocks could see a strong performance today. Traders can BUY Indigo at current levels of target price of Rs 1660 with Stop Loss at Rs 1582.
Gupta has suggested BUY Call for Indian Hotels at current levels for target price of Rs 205. The Stop Loss suggested for this counter is Rs 191.
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.