Rahul Mohindar: BUY Reliance, Chola Finance and Apollo Hospitals
Market analyst Rahul Mohindar has suggested three BUY Calls and no SELL Calls for today’s trade. Indian markets are expected to open slightly positive today as Asian stocks have been trading mixed while US markets closed slightly positive on Thursday. NSE Nifty could try to breach 15,000 levels in today’s trade but we can expect selling pressure at higher levels.
Traders can initiate a BUY Trade for conglomerate Reliance Industries with a stop loss of Rs 1,980, target at Rs 2,080, as per Mohindar. The stock is looking strong on the charts and has been taking support from lower levels in the past few trading sessions.
Mohindar has suggested BUY Call for Apollo Hospitals with a stop loss of Rs 3,040, target at Rs 3,210. The stock is looking strong on the charts.
Mohindar has suggested BUY Call for financial services major Chola Finance with a stop loss of Rs 545, target at Rs 600.
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.