Shrikant Chouhan: BUY BHEL, SELL HDFC Bank
Market expert Shrikant Chouhan from Kotak Securities has suggested one BUY Call and one SELL Call for today’s trading session. Indian markets are expected to open strong today as the global markets are waiting for US Federal Reserve’s meeting. Indian markets registered small gain in yesterday’s trade. US markets closed positive on Thursday.
Chouhan has suggested BUY Call for Bharat Heavy Electricals for a target of Rs 62-63 with a stop loss at Rs 54. The stock is looking strong on the chart.
Chouhan has suggested SELL Call for private banking major HDFC Bank for a target of Rs 1,420-1,410 with a stop loss at Rs 1,480. The stock is looking weak on the charts and we could see decline in this counter.
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.