Shrikant Chouhan: BUY HCL Technologies, HDFC Life and Ashok Leyland
Market expert Shrikant Chouhan from Kotak Securities has suggested three BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to witness a gap-up opening as the global cues have been positive while Indian markets were closed on Thursday. Indian markets are currently at their all-time highs and trader sentiment is bullish. Markets closed strongly on F&O expiry and we can expect the fresh F&O series to open strong.
Chouhan has suggested BUY Call for technology major HCL Technologies at current price for target of Rs 1230 with Stop Loss at Rs 1140. The stock is looking strong on the charts and can go even higher if markets remain favorable.
Chouhan has suggested short term BUY Trade for HDFC Life at current price for target of Rs 685 - 695 with Stop Loss at Rs 640. The stock is looking strong and can offer decent returns in short term.
Chouhan has suggested BUY Call for commercial vehicle major Ashok Leyland at current price for target of Rs 172 with Stop Loss at Rs 164.
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.