Kushal Gupta: BUY Tech Mahindra, Hindustan Unilever, MCX; SELL Axis Bank
Market expert Kushal Gupta has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today but we can have a volatile session. US markets closed negative last week after Silicon Bank failure resulted in selling pressure across banking stocks. However, currently US futures is trading positive and this could offer support to Asian and European markets today. Indian markets could also have positive closing today, depending on US futures trends.
Gupta has suggested BUY Call for Tech Mahindra 1060 CALL Option at current price for target of Rs 40 with Stop Loss at Rs 22. Gupta has suggested long term BUY Call for FMCG major Hindustan Unilever at current price for target of Rs 3000 with holding period of one year.
Gupta has suggested BUY Call for MCX Futures Contract at current price for target of Rs 1520 with Stop Loss at Rs 1465. The stock is looking strong on technical charts.
Gupta has suggested SELL Call for Axis Bank Futures at current price for target of Rs 830 with Stop Loss at Rs 862.
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.