Prakash Gaba: BUY HDFC, HCL Technologies, Godrej Consumer and UltraTech Cement
Market expert Prakash Gaba has suggested four BUY Calls for the trading session, indicating a bullish sentiment in the Indian markets. Over the last few trading sessions, Indian markets have been less volatile and we have witnessed buying at lower levels. While markets are looking for next trigger and global market cues for crossing the immediate hurdles on the upside, we can expect Indian markets to perform strong in near future. The economic activity has been picking all over the world and we could see better crude oil prices as consumption rises and inventories decline. Russia and OPEC agreed to cut production and this has resulted in lower inventory for crude, leading to strength in prices.
Gaba has suggested traders to Buy Godrej Consumer with a stop loss of Rs 600, target at Rs 630. Other stock on Gaba’s radar for the day is technology major HCL Technologies. Traders can Buy HCL Tech with a stop loss of Rs 537, target at Rs 560.
Other stock on Gaba’s buying list for the day is home finance major HDFC. Market analyst Ashwani Gujral has also suggested a BUY Call for HDFC for today’s session. Traders can Buy HDFC with a stop loss of Rs 1,600, target at Rs 1,700.
Gaba has also suggested traders to initiate a Buy trade in UltraTech Cement with a stop loss of Rs 3,767, target at Rs 3,900. TopNews will review the performance of trading calls by Prakash Gaba and Ashwani Gujral by the end of the trading session.
Please keep strict stop loss for all the trades as markets are volatile. Indian markets are expected to trade in a narrow range for the trading session.