Kushal Gupta: BUY Varun Beverages, MCX; SELL Axis Bank and ICICI Bank
Market expert Kushal Gupta has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today but we can witness a volatile session today. NSE Nifty has been losing ground over the last few sessions. With NSE Nifty having lost nearly 1000 points, we can expect Indian markets to see a strong performance in the coming sessions. A relief rally is on mind of many market participants. But, no one can be sure when that would happen.
Gupta has suggested BUY Call for Varun Beverages at current price for target of Rs 1386 with Stop Loss at Rs 1330. The stock is looking strong on technical charts. Gupta has suggested Long Term BUY Call for MCX at current levels for target of Rs 1800 with holding period of 12 months.
Gupta has suggested SELL Call for private banking major ICICI Bank futures contract at current price for target of Rs 800 with Stop Loss at Rs 840.
Gupta has suggested SELL Call for Axis Bank at current price for target of Rs 798 with Stop Loss at Rs 835.
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.