Shrikant Chouhan: BUY Mahindra & Mahindra, Aurobindo Pharma, HCL Technologies
Market expert Shrikant Chouhan from Kotak Securities has suggested three BUY Calls for short term investors. Indian markets are expected to open flat today and due to absence of any major global or local market triggers, we can expect markets to trade in a narrow range. However, we can expect stock specific action. US markets closed mixed yesterday and Asian stocks have been trading slightly positive today.
Chouhan has suggested BUY Call for Mahindra & Mahindra with a stop loss of Rs 770, target at Rs 830. Automobile stocks have been trading strong as companies have reported better sales in the recent months.
Chouhan has suggested BUY Call for pharmaceutical major Aurobindo Pharma with a stop loss of Rs 1,000, target at Rs 960.
Other stock on Chouhan’s list is technology major HCL Technologies. Traders can BUY HCL Technologies with a stop loss of Rs 970, target at Rs 1,010.
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.