Varun Dubey: BUY Force Motors, Titagarh Rail Systems, Tata Power and Orient Paper
Market expert Varun Dubey has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open lower today and we could see selling in today’s trade. Market sentiment would also depend on RBI’s interest rate decision in today’s session. Indian markets are also following the trends in global markets. The current sentiment in US and European markets is bearish. We could see further selling in Indian markets if NSE Nifty goes below the major support at 19550 and 19500.
Dubey has suggested BUY Call for Force Motors at current price for target of Rs 2870 with Stop Loss at Rs 2710. The stock is looking strong on technical charts and can offer good returns if markets remain positive. This call could take a couple of trading sessions in case markets remain negative or range-bound today.
Dubey has suggested BUY Call for Tata Power at current price for target of Rs 240 with Stop Loss at Rs 232. The counter can offer good returns on back of positive news.
Dubey has suggested BUY trade for Orient Paper at current price for target of Rs 46 with Stop Loss at Rs 43.
Dubey has suggested BUY Call for Titagarh Rail Systems as the stock is fundamentally strong at current levels. Short term traders can expect Titagarh to reach 675 while keeping Stop Loss at Rs 640.
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.