Ashish Chaturvedi: BUY United Breweries, Redington, KPR Mills and ONGC
Market expert Ashish Chaturvedi has suggested four BUY Calls and no SELL Call for today’s trade. Indian markets are expected to open flat today after yesterday’s decline during afternoon session. US markets closed positive on Thursday while European stocks were lower. Markets are expected to remain range-bound today and we can see stock specific moves in today’s session.
Chaturvedi has suggested BUY Call for Redington at current price for target of Rs 200 with Stop Loss at Rs 185. The stock is looking strong on the charts. Chaturvedi has suggested BUY Call for energy major ONGC at current levels for target of Rs 161 with Stop Loss at Rs 159. The stock could offer decent returns on back of positive news.
Chaturvedi has suggested long term BUY Call for United Breweries at current levels for target of Rs 1780 with holding period of 9-12 months.
Chaturvedi has suggested BUY Call for KPR Mills at current price for target of Rs 710 with Stop Loss at Rs 665.
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.