Shrikant Chouhan: BUY Canara Bank, Bajaj Finance, Reliance Industries
Market analyst Shrikant Chouhan from Kotak Securities has suggested three BUY Calls for short term traders. Indian markets have been trading strong for the last few weeks and we witnessed all-time high for BSE Sensex and NSE Nifty in yesterday’s trade. Markets are expected to open strong today and we can expect another lifetime high for indices. US markets closed mixed on Thursday but the momentum will likely continue in Indian markets.
Chouhan has suggested BUY Call for public sector banking major Canara Bank for a target price of Rs 175 with a stop loss at Rs 163. From financial services sector, Bajaj Finance is on Chouhan’s radar for short term traders. Traders can BUY Bajaj Finance for a target of Rs 7,650 with a stop loss at Rs 7,350, as per Chouhan.
Reliance Industries is looking strong at the current levels and the stock could witnessed strength in the coming sessions. Traders can BUY Reliance Industries for a target of Rs 2,500-2,540 with a stop loss at Rs 2,380, as per Chouhan.
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.