Kushal Gupta: BUY India Cements, Hindalco, Unichem Labs, Bajaj Auto and Aditya Birla Fashion
Market expert Kushal Gupta has suggested five BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open positive today and we could see sustained buying in today’s session. US markets registered strong move on Tuesday and we can expect global markets to remain positive for today’s session. Indian markets will have stronger moves for NSE Nifty above 19400 levels.
Gupta has suggested BUY Call for Indian Cements Futures Contract at current levels for target of Rs 251 with Stop Loss at Rs 240. The stock is looking strong on the charts and on back of positive news, it could offer quick returns to traders.
Gupta has suggested long term BUY Call for automobile major Bajaj Auto at current price for target of Rs 5150. The stock is fundamentally strong and long term investors can hold it for six months, as per Gupta.
Gupta has suggested BUY Trade for Unichem Labs at current price for target of Rs 430 with Stop Loss at Rs 411. Gupta has suggested BUY Call for metal counter Hindalco at current price for target of Rs 472 with Stop Loss at Rs 454. The stock is looking strong on technical charts.
Gupta has suggested BUY Call for Aditya Birla Fashion for medium term with price target of Rs 250. Gupta has suggested holding period of six months for this call.
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.