Shrikant Chouhan: BUY Axis Bank and PVR
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 and we can witness a volatile session, depending on global cues. Friday gave mixed signals with US markets opening lower but recovering towards the end of the session. US markets will also remain volatile this week as US Federal Reserve will announce policy rates and many market participants are expecting another rate hike. Indian markets will also witness stock specific action this week as companies will start announcing quarterly numbers.
Chouhan has suggested BUY Call for private banking major Axis Bank at current price for target of Rs 1000 with Stop Loss at Rs 960. The stock is looking strong on the charts and can go even higher if markets remain favorable. Axis Bank is among the strong private sector banks and markets are expecting a good quarter from Axis Bank.
Chouhan has suggested short term BUY Trade for PVR at current price for target of Rs 1500 - 1530 with Stop Loss at Rs 1380. PVR has been suggested as BUY Trade by market expert Mitessh Thakkar today. The stock is looking strong and can offer decent returns in short term.
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.