Kushal Gupta: BUY ICICI Lombard, RBL Bank, ICICI Bank and ONGC
Market expert Kushal Gupta has suggested four BUY Calls and no SELL Call for short term investors and traders. Indian markets are expected to open positive today but markets might remain in a narrow range today. US markets have been sending mixed signals. The markets are looking forward to next trigger and currently, the only thing on mind of traders is the imminent recession. European Union has narrowly escaped recession but US could see negative data as interest rates will impact business activity and investments.
Gupta has suggested BUY Call for ONGC Futures Contract at current levels for target of Rs 160 with Stop Loss at Rs 152. The stock is looking strong on the charts. Gupta has suggested long term BUY Call for ICICI Lombard at current price for target of Rs 1300 with holding period of 12 months.
Gupta has suggested BUY Call for two private banks for traders. ICICI Bank is looking positive with target price of Rs 915 and Stop Loss at Rs 875.
Gupta has suggested BUY Call for RBL Bank at current price for target of Rs 150 with Stop Loss at Rs 142.
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.