Rajat Bose: BUY Mahindra & Mahindra, Shriram Transport; SELL Canara Bank
Market analyst Rajat Bose has suggested two BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive and we could see stock specific action in today’s trade. US markets closed mixed on Thursday and Asian stocks were trading higher this morning.
Bose has suggested BUY Call for Shriram Transport Finance for a target of Rs 1,324 with a stop loss at Rs 1,283. The stock is looking strong on technical charts. Bose has suggested BUY Call for automobile major Mahindra and Mahindra (M&M) for a target of Rs 1,174-1,195 with a stop loss at Rs 1,119.
Bose has suggested SELL Call for PSU banking counter Canara Bank for a target of Rs 202 with a stop loss at Rs 213.
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.