Prakash Gaba: BUY Colgate-Palmolive and Apollo Hospitals
Market expert Prakash Gaba has suggested two BUY Calls for short term traders. Indian markets are expected to open lower today and we can witness selling pressure in stocks due to weak global cues. US and European markets closed negative on Tuesday. Markets are still concerned about aggressive actions of Russia in Ukraine and with tough sanctions, the impact on world economy would be severe.
Gaba has suggested BUY Call for Apollo Hospitals with a stop loss of Rs 4,700 and a target of Rs 5,000. The stock is looking strong on technical charts and any revival in markets will take the counter higher.
Gaba has suggested BUY Trade for FMCG counter Colgate Palmolive with a stop loss of Rs 1,435 and a target of Rs 1,500.
All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.