Prakash Gaba: BUY Sun Pharma, Lupin, TCS and SELL L&T

Prakash Gaba: BUY Sun Pharma, Lupin, TCS and SELL L&T

Market expert Prakash Gaba has suggested three BUY calls and one SELL call for today’s trading session. Indian markets are expected to trade positive on Friday. We could see a strong close today after yesterday’s decline. Dow Jones closed flat on Thursday but Asian markets are trading strong today.

Market experts are positive on pharmaceutical stocks and we have witnessed majority of pharmaceutical companies touching 52-week highs. Prakash Gaba has suggested traders to initiate a BUY trade in Lupin with a stop loss of Rs 900, target at Rs 940. The positive sentiment about pharmaceutical sector performance in near future has given support to these stocks. Majority of pharmaceutical companies couldn’t participate in the past market rallies and this is a chance for some of the well-performing pharmaceutical companies to see higher valuations.

Other stock on Gaba’s buying list for the day from pharmaceutical sector is Sun Pharma. Traders can Buy Sun Pharma with a stop loss of Rs 487, target at Rs 515.

Gaba has suggested Buy call for TCS with a stop loss of Rs 2,060, target at Rs 2,100. TCS is also on buying list of market expert Ashwani Gujral for today’s session.

On the selling side, Gaba suggested traders to sell infrastructure major L&T. Traders can Sell L&T with a stop loss of Rs 946, target at Rs 900.

TopNews will review performance of trading calls by the end of the trading session.