Varun Dubey: BUY HDFC Bank, AllCargo Logistics, Trent and Castrol India
Market expert Varun Dubey has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open strong today as US markets closed positive on Wednesday after a few sessions of weakness. The strength in US and European markets will offer positive push to global markets. Indian markets are expected to see a gap-up opening in today’s trade and we could see NSE Nifty pushing ahead of some resistance levels during the session.
Dubey has suggested BUY Call for HDFC Bank Futures contract at current levels for target price of Rs 1525 with Stop Loss at Rs 1470. The stock is looking strong on the charts. Dubey has suggested BUY Call for AllCargo Logistics at current levels for target price of Rs 350 with Stop Loss at Rs 330.
Dubey has suggested medium term BUY Call for Trent at current levels for target price of Rs 1600. The duration of this CALL has been suggested at three months.
Traders can BUY Castrol India at current levels for target price of Rs 120 with Stop Loss at Rs 111, as per Dubey.
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.