Shrikant Chouhan: BUY ICICI Bank and Tech Mahindra
Market expert Shrikant Chouhan from Kotak Securities has suggested two BUY Calls and no SELL Call for today’s trading session. Markets are expected to have a volatile session with positive bias. F&O expiry could lead to higher rollover as market sentiment is bullish. SGX Nifty indicates a positive opening for Indian stocks. US markets closed positive on Tuesday and Dow Jones ended losing streak with nearly half percentage point gains.
Chouhan has suggested BUY Call for private banking major ICICI Bank at current levels with Stop Loss at Rs 925 and a target of Rs 960. The stock can even touch 970 in short term. ICICI Bank and many other banking counters are in focus. HDFC Bank has been rising as merger will be finalized by July 1.
Chouhan has suggested BUY Call for technology major Tech Mahindra at current price with Stop Loss Rs 1,100 and a target of Rs 1,200. The target can be achieved in short term. Traders can also take position in Futures Contract for Tech Mahindra.
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.