Prakash Gaba: BUY ICICI Bank, Hero MotoCorp, Reliance, Escorts and Polycab India
Market analyst Prakash Gaba has suggested five BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open lower today due to weak global cues. However, we can also witness buying at lower levels. Markets have shown strength during the last two trading sessions and recovery was noticed in the broader markets. However, due to yesterday’s lower close for global markets, today we could see negative moves.
Gaba has suggested BUY Call for private banking major ICICI Bank for a target of Rs 775-780. Traders can initiate a BUY Trade for automobile major Escorts for a target of Rs 1,600 with a stop loss at Rs 1,560, as per Gaba.
Gaba has suggested BUY Call for automobile major Hero MotorCorp for a target of Rs 2,350. Gaba has also suggested BUY Call for Reliance Industries for a target of Rs 2,900 with a stop loss at Rs 2,740.
Traders can BUY Polycab India for a target of Rs 2,800 with a stop loss at Rs 2,720, as per Gaba. The stock is looking strong on the charts.
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.