Market expert Shrikant Chouhan from Kotak Securities has suggested two BUY Calls and no SELL Call for short term traders. Indian markets are expected to open positive today, as per the trends suggested by SGX Nifty. Indian markets are looking for triggers and after the recent rally, stocks are taking a breather. US markets closed mixed on Monday while Nasdaq declined. Indian stock markets can witness stock specific action this week.

Chouhan has suggested BUY Call for Jindal Steel & Power at current price for target of Rs 600 with Stop Loss at Rs 555. The stock can also reach Rs 620 levels if markets remain favorable, as per Chouhan. The stock has given a positive breakout and decent returns can be expected in short term.

Chouhan has suggested BUY Call for Info Edge Limited. Short term traders can BUY Info Edge at current levels for target of Rs 4600 with Stop Loss at Rs 4340. The stock is looking strong on the charts.

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.