Varun Dubey: Buy Deepak Nitrite, Jubilant Food, Thermax; SELL Manappuram Finance
Market analyst Varun Dubey has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today as US and European markets closed negative on Monday. Indian markets are once again looking weak as global cues have turned negative. Markets will also have stock-specific movement due to quarterly results.
Dubey has suggested BUY Call for Deepak Nitrite at current price for target price of Rs 1900 with Stop Loss at Rs 1800. Dubey has suggested BUY Call for Jubilant Food at current price for target of Rs 605 with Stop Loss at Rs 570.
Dubey has suggested BUY Call for Thermax at current price for target price of Rs 2500. The holding period for this call is six months. The stock is looking fundamentally strong.
Dubey has suggested SELL Call for Manappuram Finance Futures Contract at current price for target price of Rs 89 with Stop Loss at Rs 93.
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.