Prakash Gaba: BUY Pfizer; SELL Indian Oil

Prakash Gaba: BUY Pfizer; SELL Indian Oil

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 today but we could witness selling pressure. The markets are expected to remain range-bound today. The European leadership is debating on adding more sanctions of Russia. The Ukraine-Russia war has led to higher energy prices and this will impact many other sectors. Supply chain issues are also causing trouble for many businesses. Indian markets would follow the trends in the global markets.

Pharmaceutical counter Pfizer is on Gaba’s radar for the session. Traders can initiate a BUY Trade for Pfizer for a target of Rs 4,600 with a stop loss at Rs 4,450, as per Gaba.

Gaba has suggested SELL Call for PSU energy counter Indian Oil Corp for a target of Rs 115 with a stop loss at Rs 120.

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.