Kushal Gupta: BUY Voltas; SELL Hindalco, Britannia and JSW Steel
Market expert Kushal Gupta has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open lower today as US markets closed negative on Friday. Indian markets would track the negative sentiment in global markets in today’s trading session and we can expect NSE Nifty to breach major support levels. However, there is also a possibility of buying at lower levels.
Gupta has suggested BUY Call for Voltas for short term. Traders can BUY Voltas at current levels for target price of Rs 1400. The duration of this call has been suggested two months.
Gutpa has suggested three SELL Calls today in futures segment. Traders can SELL Hindalco Futures contract at current level for target price of Rs 495 with Stop Loss at Rs 523. Traders can SELL JSW Steel Futures Contract at current levels for target price of Rs 703 with Stop Loss at Rs 732.
Gupta has suggested SELL Trade for FMCG counter Britannia Futures Contract at current price for target of Rs 3250 with Stop Loss at Rs 3400.
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.