Kushal Gupta: BUY Safari Industries, Torrent Power, Asian Paints; SELL HDFC Bank
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 selling pressure across the board. The global markets are still sending negative signals and we could see further downside in the markets. NSE Nifty is below its major support levels and further selling can be expected. However, some market experts also believe that we could see recovery from lower levels.
Gupta has suggested BUY Call for Safari Industries at current levels for target of Rs 1645 with Stop Loss at Rs 1580. Gupta has suggested BUY Call for Torrent Power October Futures Contract at current levels for target price of Rs 1590 with Stop Loss at Rs 1530.
Gupta has suggested medium term BUY Call for Asian Paints at current levels for target price of Rs 4000 with holding period of six months.
Gupta has suggested SELL Call for HDFC Bank October Futures Contract at current price for target price of Rs 1381 with Stop Loss at Rs 1440.
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.