Shilpa Rout: BUY Bajaj Finserv and India Cements

Shilpa Rout: BUY Bajaj Finserv and India Cements

Market expert Shilpa Rout from Prabhudas Lilladher has suggested two BUY Calls for short term traders. Indian markets opened strong today with NSE Nifty touching all-time high of 19,413 but declined from highs. Currently, NSE Nifty was trading 25 points higher. Many market participants are feeling anxious about high valuations for stocks and a correction in the markets could be healthy before the next rally. We can also expect stock specific action in the markets this week.

Rout has suggested BUY Call for India Cements at current price with Stop Loss at Rs 200 and a target of Rs 250 for short term. The stock can even reach Rs 260 if markets remain positive. India Cements is expected to release positive quarterly results and short term trend is positive.

Rout has suggested BUY Call for Bajaj Finserv at current price Stop Loss at Rs 1,610. The target price has been suggested at Rs 1,645. The stock is trading firm today after Bajaj Finance reported strong numbers. Bajaj Finance was up by 6 percent.

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.

Business News: