Kushal Gupta: BUY Praj Industries, M&M; SELL JSPL and Hindalco
Market expert Kushal Gupta has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today as global market sentiment has turned negative. US markets closed negative on Thursday after facing selling pressure but there was slight recovery towards the end of the session. European stocks closed lower on Thursday. Indian markets can witness selling pressure today as Asian markets are also trading with decline this morning.
Gupta has suggested BUY Call for automobile major Mahindra & Mahindra at current levels for target of Rs 1575 with Stop Loss at Rs 1520. The stock has given a positive breakout and is looking strong on the charts. Based on positive news, M&M could offer good returns. Gupta has suggested BUY Trade for Praj Industries at current levels for target of Rs 382 with Stop Loss at Rs 362. The counter can offer returns as there is a positive news from the company.
Gupta has suggested SELL Call for JSPL at current levels for target of Rs 595 with Stop Loss at Rs 623. The stock is looking weak on the charts. Gupta has suggested SELL Call for metal counter Hindalco Futures Contract at current price for target of Rs 415 with Stop Loss at Rs 435.
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.