Prakash Gaba: SELL Asian Paints and Max Financial
Market analyst Prakash Gaba has suggested two SELL Calls and no BUY Call for today’s trading session, indicating a negative sentiment for Indian markets. US and European markets closed almost flat on Wednesday and there is less volatility this week. Indian markets faced selling pressure in yesterday’s session and we can expect a range-bound session today. At lower levels, the markets witness buying support while selling comes in at higher levels. The session will be good for traders but strict Stop Loss should be used for all trades.
Gaba has suggested SELL Call for Max Financial for a target of Rs 750 with a stop loss at Rs 775. The stock is looking weak on the charts. If the market declines, this counter could witness selling pressure.
Gaba has suggested SELL Call for Asian Paints for a target of Rs 2,900 with a stop loss at Rs 3,016.
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.