Manas Jaiswal: SELL Indiabulls Housing and Tata Motors
Market analyst Manas Jaiswal has suggested two SELL Calls for today’s trading session. Indian markets are expected to open lower today and we can expect selling pressure in majority of stocks. Dow Jones ended almost flat on Wednesday and Asian markets have been trading mixed.
Jaiswal has suggested SELL Trade for automobile major Tata Motors with a stop loss of Rs 301, target at Rs 285.
Other stock on Jaiswal’s selling list for the day is Indiabulls Housing. Traders can SELL Indiabulls Housing with a stop loss of Rs 210, target at Rs 190.
Markets are undergoing consolidation phase and bearish trends can be seen in majority of stocks. There can be a pullback rally but for the moment, traders are more interested in selling on every positive move in major counters.
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.