Shrikant Chouhan: BUY Axis Bank and Coal India
Market expert Shrikant Chouhan from Kotak Securities has suggested two BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open flat today but we can witness a volatile session as RBI will have a policy meeting today. Indian markets are largely tracking the global market sentiment and the last couple of sessions have witnessed selling pressure. We can expect Indian markets to trade negative for today’s session.
Chouhan has suggested BUY Call for private banking services major Axis Bank for a target of Rs 810-815 with a stop loss at Rs 780. The stock is looking strong on the charts and we have seen sustained buying in this counter.
Chouhan has suggested BUY Call for PSU energy major Coal India for a target of Rs 205-207 with a stop loss at Rs 188.
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.