Ashish Chaturvedi: BUY Tata Consumer, Jyothy Labs, Metropolis; SELL Indigo
Market expert Ashish Chaturvedi has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open strong and we can see NSE Nifty trading above 18,000 levels in today’s trade. Indian markets are showcasing positive sentiment and despite uncertain trading in the US markets, local markets have gained further ground in the last few trading sessions. US Federal Reserve will be announcing interest rate hike this week and market direction will largely depend on policy rates. Majority of Indian companies have declared results as per market expectations and we can see buying in many counters.
Chaturvedi has suggested medium BUY Call for Tata Consumer Products at current levels for target of Rs 850 for holding period of six months. Chaturvedi has suggested BUY Call for Jyothy Labs at current price for target of Rs 205 with Stop Loss at Rs 192.
Chaturvedi has suggested BUY Call for Metropolis at current levels for target of Rs 1750 with Stop Loss at Rs 1670.
Chaturvedi has suggested SELL Call for Indigo Airlines at current price for target of Rs 1770 with Stop Loss at Rs 1800.
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.