Kushal Gupta: BUY Tata Power, ICICI Bank; SELL Berger Paints and Birlasoft
Market analyst Kushal Gupta has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are looking forward to quarterly results season and we can expect stock specific action in coming days. The overall trend in the markets will depend on global sentiment. Indian markets are expected to open lower today and the market direction will depend on European trends and US Futures. Asian markets were trading lower in the morning trade. Indian markets will be looking forward to quarterly results.
Gupta has suggested BUY Call for Tata Power at current levels for target price of Rs 226 with Stop Loss at Rs 216. Gupta has suggested medium term BUY Call for ICICI Bank at current levels for target of Rs 900 with holding period of one year.
Gupta has suggested SELL Call for Berger Paints Futures Contract at current price for target of Rs 570 with Stop Loss at Rs 593. Traders can SELL Birlasoft Futures Contract at current price for target price of Rs 327 with Stop Loss at Rs 341.
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.