Kushal Gupta: SELL Deepak Nitrite, Tata Steel, Tata Motors and Hindalco
Market expert Kushal Gupta has suggested four SELL Calls and no BUY Call for today’s trading session. Indian markets are expected to open lower today and we can witness selling pressure. Indian markets have largely remained strong during the last few trading session but global weakness can lead to selling in local markets as well. US and European stocks closed negative on Wednesday and markets are waiting for US inflation data (to be released today). Local markets are expected to close negative.
Gupta has suggested SELL Call for Deepak Nitrite at current price for target of Rs 2230 with Stop Loss at Rs 2330. Gupta has suggested SELL Trade for Tata Steel Futures Contract at current levels for target of Rs 102 with Stop Loss at Rs 108.
Gupta has suggested SELL Call for automobile major Tata Motors at current price for target of Rs 421 with Stop Loss at Rs 442.
Gupta has suggested SELL Call for Hindalco at current price for target of Rs 404 with Stop Loss at Rs 424.
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.