Ashish Chaturvedi: BUY Nykaa, Karnataka Bank, Ingersoll Rand and MCX
Market expert Ashish Chaturvedi has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open positive today as US markets closed strong on Friday. European stocks were trading higher on Friday and Indian markets also closed strong after declining for eight trading sessions on Friday. The pullback rally witnessed during the last session could offer some momentum to select stocks in today’s session as well.
Chaturvedi has suggested BUY Call for Karnataka Bank at current price for target of Rs 152 with Stop Loss at Rs 145. The stock is looking strong on the charts. Chaturvedi has suggested BUY Call for MCX at current levels for target of Rs 1470 with Stop Loss at Rs 1430.
Chaturvedi has suggested medium term BUY Call for Nykaa at current price for target of Rs 170 with holding period of six months.
Chaturvedi has suggested BUY Call for Ingersoll Rand at current price for target of Rs 2400 with Stop Loss at Rs 2250.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.