Rahul Mohindar: BUY Hindustan Unilever; SELL SBI and HDFC
Market analyst Rahul Mohindar has suggested one BUY Call and two SELL Calls for today’s trading session. Indian markets are expected to open lower and we can expect markets to trade low for the rest of the trading session. Any rise in markets should be considered as an opportunity to SELL at higher levels as the global trend in the markets has turned bearish. Indian markets could see level of 14900 – 14850 for NSE Nifty.
Mohindar has suggested BUY Trade for FMCG major Hindustan Unilever with a stop loss of Rs 2,135, target at Rs 2,260.
Mohindar has suggested SELL Call for public sector banking major State Bank of India with a stop loss of Rs 400, target at Rs 375. HDFC is other stock from financial services sector on Mohindar’s selling list. Traders can SELL HDFC with a stop loss of Rs 2,610, target at Rs 2,490, as per Mohindar.
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.