Kushal Gupta: BUY Phoenix Mills, United Breweries, L&T and JSW Steel
Market expert Kushal Gupta has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open lower today and we can expect selling pressure unless the US futures market opens positive. Indian markets have been trading in a narrow range over the last few sessions. US market participants are concerned about imminent rate hikes and the state of the economy. Markets could stay range-bound today with negative bias.
Gupta has suggested long term BUY Call for Phoenix Mills at current price for target of Rs 1680 with holding period of 12 months. The stock is fundamentally strong and investors can buy on declines. Gupta has suggested long term BUY Call for infrastructure major L&T at current price for target of Rs 2500 with holding period of 12 months.
Gupta has suggested BUY Call for United Breweries at current price for target of Rs 1720 with Stop Loss at Rs 1650. The stock is looking strong on the charts. Gupta has suggested BUY Call for JSW Steel at current levels for target of Rs 774 with Stop Loss at Rs 745.
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.