Nirmal Bang: BUY Bajaj Auto, Godrej Consumer Products
Research house Nirmal Bang has suggested two BUY Calls for short term trading. Indian markets are expected to close positive today but we have witnessed a volatile session so far with markets opening strong. The selling pressure witnessed at the higher levels has dragged the markets in the negative territory but we can expect a positive close.
Nirmal Bang research team has suggested BUY Call for Bajaj Auto 4000 Call Option at Rs 14 for a target price of Rs 32. Stop Loss for this trade has been suggested at Rs 2. Bajaj Auto had declined last week but we have witnessed a strong recovery during the last few trading session. The stock is looking strong on technical charts.
Nirmal Bang has also suggested BUY Call for Godrej Consumer Products above Rs 830 for target price of Rs 890 within 1-2 trading sessions. The stock is looking strong on technical charts. The Stop Loss for this trade has been suggested at Rs 800.
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.