Kushal Gupta: BUY HDFC Bank, United Spirits, Eicher Motors and SBI Life
Market expert Kushal Gupta has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to see a gap-up opening today and we could have a positive market close. US and European markets gained on Monday and Asian stocks were trading positive this morning. Indian markets have been performing better compared to Asian peers over the last few weeks. The sentiment in India is positive but the global volatility is impacting the markets.
Gupta has suggested BUY Call for private banking major HDFC Bank Future Contract at current levels for target price of Rs 1555 with Stop Loss at Rs 1495. Gupta has suggested BUY Call for United Spirits at current price for target of Rs 878 with Stop Loss at Rs 843.
Gupta has suggested long term BUY Call for Eicher Motors at current levels for target of Rs 4300. The holding period for this call has been suggested at 12 months. Gupta has suggested medium term BUY Call for SBI Life at current price for target of Rs 1500 with holding period of six months. The stock is looking strong fundamentally.
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.