Manas Jaiswal: BUY Dr Reddy’s Labs; SELL Adani Ports

Manas Jaiswal: BUY Dr Reddy’s Labs; SELL Adani Ports

Market analyst Manas Jaiswal has suggested one BUY Call and one SELL Call for today’s trade. Indian markets are expected to open flat today after yesterday’s decline during afternoon session. US markets closed positive on Thursday while European stocks were lower. Markets are expected to remain range-bound today and we can see stock specific moves in today’s session.

Jaiswal has suggested SELL Call for Adani Ports at current price with a stop loss of Rs 736 and a target of Rs 690. All Adani Group stocks were trading lower in today’s session. The stocks have managed from gain from declines seen during January and February this year. This could just be a technical decline in these counters after a strong recovery witnessed recently.

Jaiswal has suggested BUY Call for pharmaceutical major Dr Reddy’s Laboratories at current levels with a stop loss of Rs 4,909 and a target of Rs 5,100. The stock is looking strong on the charts.

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.

Analyst Views: