Prakash Gaba: BUY Larsen & Toubro and ACC
Market analyst Prakash Gaba has suggested two BUY Calls and no SELL Call for today’s trading session. Global market sentiment has turned slightly positive on Wednesday while the uncertainty of Russia Ukraine war is still on mind of investing community. Indian markets are expected open positive today and we can witness sustained buying for the session. Many stocks have declined in the recent trading sessions and available at good valuations for near term traders. US and European markets registered gains on Wednesday and global market sentiment is slightly positive after US Fed Chairman’s comments on interest rates.
Gaba has suggested BUY Call for cement major ACC for a target of Rs 2,150 with a stop loss at Rs 2,050. The stock is looking strong on the charts and we can expect a smart move in this counter today.
Gaba has suggested BUY Trade for infrastructure major Larsen & Toubro for a target of Rs 1,850 with a stop loss at Rs 1,775.
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.