Shrikant Chouhan: BUY IndusInd Bank, Tata Chemicals and NALCO
Market expert Shrikant Chouhan from Kotak Securities has suggested three BUY Calls for short term traders. Indian markets are looking bullish at the moment with global markets trading firm. NSE Nifty has been making a fresh all-time high every week and majority of blue-chip stocks are trading near their all-time highs. There is no sign of any correction in the markets at the moment although many market participants are waiting for a healthy correction in some counters.
Chouhan has suggested BUY Call for private banking major IndusInd Bank for a target of Rs 1,060 with a stop loss at Rs 990. The stock is looking strong on the charts.
Chouhan has suggested BUY Call for Tata Chemicals for a target of Rs 885 with a stop loss at Rs 835.
NALCO is another stock on Chouhan’s buying list. Traders can BUY NALCO Nalco for a target price of Rs 95 with a stop loss at Rs 87, as per Chouhan.
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.