Kushal Gupta: BUY JK Tyre, Shriram Finance, India Cements and HDFC Life
Market expert Kushal Gupta has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open flat today but trade is expected to remain range-bound. US markets closed negative for third session on Wednesday. The European markets declined on Wednesday after inflation came higher than expected in the UK. Indian markets could touch another all-time high for indices but a correction can also happen in stocks. Many market participants are getting uncomfortable with higher valuations.
Gupta has suggested BUY Call for Shriram Finance at current levels for target of Rs 1780 with Stop Loss at Rs 1715. The stock is looking strong on technical charts and after stake sale by Piramal Group, Shriram Finance closed 11 percent higher in yesterday’s session. Gupta has suggested BUY Call for JK Tyre at current price for target of Rs 201 with Stop Loss at Rs 192.
Gupta has suggested Long Term BUY Call for HDFC Life at current levels for target of Rs 750 with holding period of 12 months.
Gupta has suggested BUY Call for India Cements at current price for target of Rs 240 with Stop Loss at Rs 229. The stock is looking strong on the charts and on back of positive news, it could offer decent returns today.
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.