Kushal Gupta: BUY Heritage Foods, ICICI Bank, ITC; SELL Tata Motors and Hindalco
Market expert Kushal Gupta has suggested three BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today as US stocks closed lower after US Federal Reserve increased the interest rates once again. Rising interest rates and out of control inflation are major concerns for global investing community. Indian markets are expected to open lower today and we can expect volatility and selling pressure.
Gupta has suggested BUY Call for Heritage Foods at current price for target of Rs 330 with Stop Loss at Rs 315. Traders can BUY ICICI Bank at current levels for target of Rs 925 with Stop Loss at Rs 890, as per Gupta.
Gupta has suggested long term BUY Call for ITC at current levels for target of Rs 410. The holding duration for this call is 12 months.
Gupta has suggested SELL Call for Tata Motors at current levels for target of Rs 415 with Stop Loss at Rs 434. Gupta has suggested SELL Call for Hindalco at current levels for target price of Rs 400 with Stop Loss at Rs 418.
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.