Kushal Gupta: BUY Ramco Cements, Sun Pharma, Eicher Motors; SELL Tata Motors
Market analyst Kushal Gupta has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today but we can also see buying during the session as markets have been trading low for the last two sessions. Markets are looking forward to global cues while the sentiment locally is bullish. Markets could see fresh buying in select stocks this week.
Gupta has suggested BUY Call for Ramco Cements at current levels for target of Rs 740 with Stop Loss at Rs 720. The stock is looking strong on the charts and also is fundamentally strong bet. Gupta has suggested BUY Call for Sun Pharmaceuticals at current levels for target of Rs 1015 with Stop Loss at Rs 975. The stock could bounce back after recent decline due to FDA note about one of its facilities.
Gupta has suggested long term BUY Call for Eicher Motors at current levels for target of Rs 4000 with holding period of 12 months.
Gupta has suggested SELL Call for Tata Motors at current price for target of Rs 406 with Stop Loss at Rs 419.
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.