Varun Dubey: ITC, IG Petro, BEL; SELL Wipro

Varun Dubey: ITC, IG Petro, BEL; SELL Wipro

Market expert Varun Dubey has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today due to global market decline. US markets witnessed correction yesterday with Facebook stock falling nearly 26 percent in a single day. The decline in US markets could extend to global markets. Indian markets can also see a recovery but that should be considered as a selling opportunity. The market sentiment is bearish for today.

Dubey has suggested BUY Call for FMCG major and Cigarette manufacturer ITC at current levels for target price of Rs 245 with Stop Loss at Rs 230. Dubey has suggested BUY Call for IG Petro at current levels for target price of Rs 771 with Stop Loss at Rs 730.

Dubey has suggested BUY Call for BEL at current levels for target price of Rs 300. This is a medium term call with holding period of six to eight months.

Dubey has suggested SELL Trade for technology major Wipro Futures Contract at current levels for target price of Rs 560 with Stop Loss at Rs 590.

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.

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