Kushal Gupta: BUY Mahindra Lifespaces, IndusInd Bank, Axis Bank; SELL Tata Motors
Market expert Kushal Gupta has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we could see buying at lower levels. Indian markets are looking forward to global markets for future direction but the global cues have been mostly confusing. US markets are volatile and based on news, the market participants get positive or negative on the future. However, main issues are imminent recession and high inflation. Indian markets are looking positive and quarterly results will be leading to stock specific action in Indian markets.
Gupta has suggested BUY call for Mahindra Lifespaces at current levels for target of Rs 357 with Stop Loss at Rs 342. The stock is looking strong on the charts. Gupta has suggested BUY Call for private banking counter IndusInd Bank at current price for target of Rs 1265 with Stop Loss at Rs 1210. The bank declared positive quarterly results and we can expect good returns on this counter in short term.
Gupta has suggested BUY Call for Axis Bank at current price for target of Rs 952 with Stop Loss at Rs 916.
Gupta has suggested SELL Call for Tata Motors Futures Contract at current levels for target of Rs 396 with Stop Loss at Rs 412.
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.