Kushal Gupta: BUY SBI Cards, Asian Paints; SELL Aurobindo Pharma and JSPL
Market expert Kushal Gupta has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today but we can witness selling pressure. The global markets have turned cautious this week after last week’s quick rally. US markets witnessed volatile session but closed flat on Tuesday. Indian markets will be tracking the developments in European markets. Asian stocks were mixed this morning.
Gupta has suggested medium term BUY Call for Asian Paints and SBI Cards. Investors can BUY SBI Cards for six months at current price for target of Rs 1100, as per Gupta. Investors can initiate a BUY Call for Asian Paints at current price for target of Rs 3800. The duration suggested for this call is six months.
Gupta has suggested SELL Call for pharmaceutical counter Aurobindo Pharma Futures Contract at current price for target of Rs 550 with Stop Loss at Rs 582. Gupta has suggested SELL Call for JSPL Futures Contract at current price for target of Rs 376 with Stop Loss at Rs 390.
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.