Shrikant Chouhan: BUY ICICI Bank; SELL ONGC
Market expert Shrikant Chouhan from Kotak Securities has suggested one BUY Call and one SELL Call for short term traders. Indian markets are expected to open negative today and we can witness selling pressure during the session. Markets have been trading strong over the last few months and the last couple of weeks have shown signs of weakness. While a correction has been missing in the markets, the mood is certainly turning cautious from time to time. Asian markets were trading mixed this morning.
Chouhan has suggested BUY Call for private banking major ICICI Bank for a target of Rs 762 with a stop loss at Rs 755. ICICI Bank is looking strong on the charts and we can witness firm trade in this counter today.
Chouhan has suggested SELL Trade for PSU energy major ONGC for a target of Rs 144-145 with a stop loss at Rs 160. 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.