Varun Dubey: BUY Tata Coffee, Inox Leisure; SELL Mphasis and Asian Paints
Market analyst Varun Dubey has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today but we can witness volatile session. Markets are still looking for global cues and they are mixed. European markets declined on Thursday as US stocks have been trading lower for the last couple of sessions. Indian companies are declaring quarterly numbers as per market expectations and we could see markets gaining ground once the global sentiment improves.
Dubey has suggested BUY Call for Tata Coffee at current levels for target of Rs 220 with Stop Loss at Rs 210. The stock is looking strong on the charts. Dubey has suggested BUY Call for Inox Leisure at current price for target of Rs 510 with Stop Loss at Rs 488.
Dubey has suggested SELL Call for Mphasis Futures Contract at current price for target of Rs 2000 with Stop Loss at Rs 2100. Dubey has suggested SELL Call for Asian Paints Futures Contract at current levels for target of Rs 2800 with Stop Loss at Rs 2900.
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.