Kushal Gupta: BUY Wipro, L&T, Jamna Auto; SELL Dixon Tech
Market expert Kushal Gupta has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today as Asian stocks were trading down. US markets were closed on Monday due to Memorial Day holiday and Indian markets could witness a decline today. Markets have been trading firm for the last three trading sessions and there can be selling pressure at higher levels today.
Gupta has suggested long BUY Call for Wipro and Jamna Auto. Investors can BUY Wipro at current price for holding period of one year for target price of Rs 600, as per Gupta. Jamna Auto is good long term investment for target price of Rs 150, as per Gupta. The holding period for this call is one year.
Gupta has suggested short term BUY Call for infrastructure major Larsen & Toubro at current levels for target price of Rs 1700 with Stop Loss at Rs 1645. The stock is looking strong on technical charts.
Gupta has suggested SELL Call for Dixon Tech Futures Contract at current price for target of Rs 3685 with Stop Loss at Rs 3840.
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.