Sell Crompton Greaves; BUY CoForge: StockHolding Research

Sell Crompton Greaves; BUY CoForge: StockHolding Research

StockHolding Research team has suggested one BUY Call and one SELL Call for today’s trading session. Indian markets are expected to open negative today and we can witness a range-bound session. US markets registered decline on Monday with Nasdaq Composite hitting two year closing low. Indian markets will largely follow the global cues and we can expect weakness in today’s session.

StockHolding Research has suggested SELL Call for Crompton Greaves below 390 for target price of Rs 374 with Stop Loss at Rs 396. The stock is looking weak on the charts.

Traders can initiate a BUY Trade for CoForge above 364 with target price of Rs 3850 with Stop Loss at Rs 3530. Both the stocks are tradable in Futures segment as well.

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.

Analyst Views: