Shrikant Chouhan: BUY ICICI Bank and Asian Paints
Technical Analyst 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 range-bound session. Markets are hovering around all-time highs for NSE Nifty and the sentiment is certainly bullish among local traders. The bearish trend in global markets has kept Indian markets range-bound this week. After last week’s rally, this week has largely been range-bound for markets.
Chouhan has suggested BUY Call for private banking major ICICI Bank at current price for target of Rs 950-960 with a stop loss at Rs 904. The stock is looking strong on the charts.
Chouhan has suggested BUY Call for Asian Paints at current price for a target of Rs 3,150-3,175 with a stop loss at Rs 3,020. The stock has given a breakout and we can expect further strength 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.