Prakash Gaba: BUY Infosys Technologies and Apollo Hospitals
Market expert Prakash Gaba has suggested two BUY Calls for short term traders. Indian markets are expected to open lower today. Markets are currently hovering around their all-time highs and we can expect a correction from current levels. During June, FIIs and DIIs pumped a lot of money in Indian equities, raising the major indices to all-time highs. We can expect markets to decline but the trend in local markets will also depend on global sentiment. US markets were closed on July 4 but today’s US Futures will decide the closing trends for Indian stocks.
Gaba has suggested BUY Call for technology major Infosys Technologies. Technology stocks have skipped the current market rally as there are concerns about IT sector’s future quarter performance due to companies reducing their technology spends. Gaba has suggested BUY Call for Infosys Technologies at current price with target of Rs 1,375-1,400.
Gaba has suggested BUY Call for Apollo Hospitals at current levels with Stop Loss of Rs 5,075 for an upside target Rs 5,200.
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.