Kushal Gupta: BUY Suven Pharma, Minda Corp, Dhampur Sugar; SELL Jubilant FoodWorks and TCS
Market expert Kushal Gupta has suggested three BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we could witness selling pressure in today’s trade. US and European stocks closed negative on Tuesday. The markets are looking for fresh triggers and current mood is bearish. We could see selling in select counters in today’s trade. The overall trend for Indian markets remains positive but short term trend is negative.
Gupta has suggested BUY Call for Suven Pharma at current levels for target of Rs 504 with Stop Loss at Rs 483. 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 Dhampur Sugar at current price for target of Rs 290 with Stop Loss at Rs 277. Due to positive news on the counter, we can expect Dhampur Sugar to witness strong buying today. The stock can offer decent returns in short term.
Gupta has suggested long term BUY Call for Minda Corp at current levels for target of Rs 350 with holding period of 12 months. The stock is fundamentally strong and automobile ancillary sector has positive outlook in medium to long term.
Gupta has suggested SELL Call for Jubilant FoodWords Futures Contract at current levels for target of Rs 490 with Stop Loss at Rs 512. The stock is looking weak on technical charts and can see further decline. Gupta has suggested SELL Call for technology major TCS at current price for target of Rs 3380 with Stop Loss at Rs 3510.
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.