Varun Dubey: BUY Cochin Shipyard, Exide Industries, SBI; SELL Hero MotoCorp
Market expert Varun Dubey has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly negative today and we can witness a range-bound session today. US markets closed negative on Thursday after Federal Reserve announced rate hike on Wednesday. Global market sentiment is mixed and Asian stocks were trading mixed this morning. Indian markets are showcasing bullish sentiment but global cues are muted.
Dubey has suggested BUY Call for Cochin Shipyard at current price for target of Rs 610 with Stop Loss at Rs 578. Dubey has suggested BUY Call for Exide Industries at current levels for target of Rs 170 with Stop Loss at Rs 163.
Traders can BUY PSU banking major SBI at current price for target of Rs 595 with Stop Loss at Rs 580. The stock is looking strong on the charts.
Dubey has suggested SELL Call for automobile major Hero MotoCorp at current price for target of Rs 2570 with Stop Loss at Rs 2680.
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.