Kushal Gupta: BUY SBI Life, Maruti Suzuki; SELL Infosys, Tata Motors and MindTree
Market expert Kushal Gupta has suggested two BUY Calls and three SELL Calls for today’s trading session. Indian markets are expected to open slightly negative today and we can expect volatile session. RBI will be announcing policy on interest rates today and we can expect higher rates.
Gupta has suggested BUY Call for SBI Life for medium term at current levels for target price of Rs 1425. The duration of this call has been suggested at seven months. Gupta has suggested BUY Call for Maruti Suzuki at current levels or no declines for long term. Investors can keep Maruti in their portfolio at current levels for target price of Rs 10400 with holding period of 12 months. Both the stocks are fundamentally strong.
Gupta has suggested SELL Call for Infosys Technologies Futures Contract at current price for target of Rs 1352 with Stop Loss at Rs 1410. Gupta has suggested SELL Trade for MindTree at current levels for target of Rs 3010 with Stop Loss at Rs 3150.
Gupta has suggested SELL Call for Tata Motors at current levels for target of Rs 390 with Stop Loss at Rs 411. The stock is looking weak on the charts.
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.