Prakash Gaba: BUY DLF; SELL Maruti Suzuki
Market analyst Prakash Gaba has suggested one BUY Call and one SELL Call for today’s trading session. Indian markets are expected to open flat and we can witness a range-bound session with negative bias. Indian markets have been tracking the global markets trends and there has been higher volatility during the last few weeks. Higher oil prices and inflation are major factors impacting investors sentiment and the Russia-Ukraine war is leading to panic selling from time to time.
Gaba has suggested BUY Call for real estate major DLF with a stop loss of Rs 360 and target of Rs 375-380. The stock is looking strong and if markets trade positive, DLF could offer decent returns.
Gaba has suggested SELL Call for automobile major Maruti with a stop loss of Rs 7,500 and target of Rs 7,300. Automobile stocks are looking weak at the moment and we can see a small correction in this sector.
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.