Shrikant Chouhan: BUY CoForge; SELL HDFC
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 lower today and we could witness selling pressure across the board. US markets have been trading weak over the last few sessions, especially after the Federal Reserve interest rate hike. Indian markets would largely follow the global trends.
Chouhan has suggested BUY Call for Coforge for a target of Rs 3,600 with a stop loss at Rs 3,350. The stock is looking good at current levels and once the market conditions improve, it could see a bounce. Short term traders can BUY CoForge on declines.
Chouhan has suggested SELL Call for financial services major HDFC for a target of Rs 2,350-2,330 with a stop loss at Rs 2,440. The stock is looking weak on the charts.
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.