Rajesh Palviya: BUY ICICI Prudential, Piramal Enterprises and Zydus Life
Market analyst and Derivatives expert Rajesh Palviya from Axis Securities, has suggested three BUY Calls and no SELL Call for today’s trading session. Indian markets are looking bullish and we can expect markets to scale new all-time highs in today’s session. Indian markets will also get support from bullish trends seen globally. Asian stocks were trading positive this morning after Tuesday’s rally in US stocks. Indian markets could have higher volatility today due to F&O expiry.
Palviya has suggested BUY Call for Piramal Enterprises at current price with a Stop Loss of Rs 890 and a target price of Rs 935-940. The stock has given positive breakout recently. The company sold its stake in Shriram Transport Finance and both stocks jumped after the stake sale.
Palviya has suggested BUY Call for pharmaceutical counter Zydus Life at current levels with a Stop Loss at Rs 560 and a target of Rs 600. The stock could also touch Rs 610 if trend remains bullish in broader market, as per Palviya.
Palviya has suggested BUY Call for ICICI Prudential Life Insurance Company at current price with Stop Loss at Rs 568 and a target of Rs 610.
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.