Kushal Gupta: BUY Mahanagar Gas, Orient Electric, SELL Hindalco and Tata Motors
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 and we could see selling pressure. Asian stocks were trading lower this morning. US and European markets closed negative on Thursday. The sentiment has turned negative after the recent US inflation data came strong, suggesting that there could be further rate hikes by US Federal Reserve.
Gupta has suggested medium term BUY Call for Orient Electric at current price for target of Rs 330. The stock is looking fundamentally strong and it can offer good returns in medium to short term. Gupta has suggested BUY Call for Mahanagar Gas at current levels for target price of Rs 927 with Stop Loss at Rs 890.
Gupta has suggested SELL Call for Hindalco Futures Contract at current levels for target price of Rs 410 with Stop Loss at Rs 432. Gupta has suggested SELL Call for Tata Motors Futures Contract at current price for target of Rs 435 with Stop Loss at Rs 455.
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.