Shrikant Chouhan: BUY Larsen & Toubro and Hindalco
Market 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 but we can see volatile session today. Markets have been waiting for next trigger and global markets have also remained flat this week. US markets gained on Thursday after five trading sessions. Local markets have bullish trend but bulls are facing Nifty 18675 as immediate resistance.
Chouhan has suggested BUY Call for infrastructure major Larsen and Toubro at current levels for a target of Rs 2,200-2,250 with a stop loss at Rs 2,150. The stock is looking strong on technical charts.
Chouhan has suggested BUY Call for metal counter Hindalco for a target of Rs 480-485 with a stop loss at Rs 465.
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.