Kushal Gupta: BUY Siemens India, Mphasis and Indian Hotels
Market analyst Kushal Gupta has suggested three BUY Calls and no SELL Calls for today’s trading session. Indian markets are expected to open positive today but we can see selling pressure at higher levels. Indian markets have witnessed decline for the last three trading sessions and there can be technical pullback. US markets closed slightly positive on Thursday and the mood in the global markets is neutral. Asian stocks were trading higher during the morning trade.
Gupta has suggested medium term BUY Call for engineering company Siemens with target price of Rs 3000. The suggested holding period for this call is six months. The stock is looking good for medium to long term.
Gupta has suggested BUY Call for Indian Hotels for holding period of six months. After pandemic curbs have been lifted, hotels and travel sector is expected to showcase strong performance in the coming months. Gupta has suggested target price of Rs 250 for Indian Hotels.
Gupta has suggested BUY Call for Mphasis Futures contract for target price of Rs 3448 and Stop Loss at Rs 3300.
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.