Market expert Shrikant Chouhan from Kotak Securities has suggested one BUY Call and one SELL Call for today’s trading session. Indian markets are expected to open positive today and we could see NSE Nifty above 19300. Markets are receiving strong support at lower levels but as the trend is not clear in the global markets, the local bourses are trading in a narrow range.

Chouhan has suggested BUY Call for automobile major Mahindra & Mahindra at current levels for a target of Rs 1,660 to Rs 1,700 with a stop loss of Rs 1,570. The stock could see a rerating in the coming sessions.

Chouhan has suggested SELL Call for automobile major Hero MotoCorp at current price for a target of Rs 2,800 to Rs 2,750 with a stop loss of Rs 2,960. The stock can see further decline in the coming sessions. Hero MotoCorp witnessed strong rally few weeks ago as the company launched Harley Davidson motorcycle in the Indian market.

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.