Kushal Gupta: BUY Sula Vineyards, Bharat Forge; SELL Berger Paints, Asian Paints and Granules India
Market expert Kushal Gupta has suggested two BUY Calls and three SELL Calls for today’s trading session. Indian markets are expected to open negative today and we can expect volatility in the markets as RBI will be announcing policy rates today. US and European stocks closed negative on Wednesday and global market sentiment has turned bearish. Indian markets could see recovery if RBI decision is as per market expectations but overall market trend is negative for today’s session.
Gupta has suggested BUY Call for Sula Vineyards at current levels for target of Rs 510 with Stop Loss at Rs 486. The company reported strong quarterly numbers. The stock is looking strong on the charts and on back of positive news, it could offer quick returns to traders.
Gupta has suggested BUY Call for Bharat Forge at current price for target of Rs 1000 with Stop Loss at Rs 962. The stock is looking strong and could witness BUYING in today’s session.
Gupta has suggested SELL trade for two paint companies. Traders can SELL Asian Paints Futures Contract at current levels for target of Rs 3240 with Stop Loss at Rs 3370. Gupta has suggested SELL Trade for Berger Paints Futures Contract at current price for target of Rs 675 with Stop Loss at Rs 702.
Gupta has suggested SELL Call for Granules India at current price for target of Rs 314 with Stop Loss at Rs 330.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.