Rajesh Palviya: BUY Canara Bank, BEL and SBI Life

Rajesh Palviya: BUY Canara Bank, BEL and SBI Life

Derivatives market expert Rajesh Palviya from Axis Securities has suggested three BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to flat today and we can expect range-bound trading session with negative bias. Indian markets are hovering around all-time highs for major indices. The current trend in the markets is negative. US and European stocks closed negative yesterday and global sentiment is bearish.

Palviya has suggested BUY CALL for PSU banking major Canara Bank at current price for a target of Rs 350-355 with a stop loss at Rs 332. The stock is looking strong on technical charts and can offer good returns if markets remain positive.

Palviya has suggested BUY Call for SBI Life at current price for target of Rs 1390 with Stop Loss at Rs 1325. The stock can even touch Rs 1410 if sentiment remains positive.

BEL is on Palviya’s radar for short term trades. He has suggested BUY Trade for BEL at current levels for target of Rs 135 with Stop Loss at Rs 126.

All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.