Kushal Gupta: BUY LTIMindTree, Lemon Tree Hotels; SELL Laurus Labs and Cummins India
Market expert Kushal Gupta has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today as we have witnessed strong rally in the recent days. Market participants are anticipating a correction in the markets as some stock valuations are looking overstretched at the moment. We can see selling in the markets today but closing would largely depend on trends in European markets and US Futures.
Gupta has suggested BUY Call for LTIMindtree at current price for target of Rs 5400 with Stop Loss at Rs 5150. The stock is looking strong on the charts and based on positive news, it could offer good returns. LTIMindTree has gained in the recent days on reports of inclusion in NSE Nifty index which would result in higher allocation for the stock in many funds. Gupta has suggested BUY Trade for Lemon Tree Hotels at current levels for target of Rs 110 with Stop Loss at Rs 85.
Gupta has suggested SELL Call for Laurus Labs at current levels for target of Rs 338 with Stop Loss at Rs 356. The stock is looking weak on the charts. Gupta has suggested SELL Call for Cummins India at current price for target of Rs 1800. Stop Loss for this SELL Call has been suggested at Rs 1885.
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.