Kushal Gupta: BUY Lumax, Indigo Airlines; SELL Balrampur Chini and TCS
Market expert Kushal Gupta has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive as global cues are strong. Asian markets were trading firm this morning and we can expect NSE Nifty to gain nearly 100 points on opening bell. Indian markets are trading in 600 point range for NSE Nifty and major resistance is in 16370 – 16400 levels.
Gupta has suggested BUY Call for Indigo Airlines at current price for target of Rs 1730 with Stop Loss at Rs 1650. Gupta has suggested BUY Call for Lumax at current levels for target price of Rs 927 with Stop Loss at Rs 890.
Traders can initiate a BUY Trade for Balrampur Chini Futures at current levels for target price of Rs 380 with Stop Loss at Rs 400, as per Gupta. TCS is looking weak on the charts. Gupta has suggested SELL Call for TCS at current levels for target price of Rs 3170 with Stop Loss at Rs 3315.
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.