Shrikant Chouhan: BUY Maruti Suzuki, Hindalco and SBI
Market expert Shrikant Chouhan from Kotak Securities has suggested three BUY Calls and no SELL Calls for today’s trading session. Indian markets are expected to open positive today but we can expect selling pressure at higher levels. US markets ended positive on Thursday after three days of decline. The rally in US stocks has led to positive sentiment in global markets and Asian stocks were trading higher this morning.
Chouhan has suggested BUY Call for public sector banking major State Bank of India with a stop loss of Rs 355, target at Rs 395. Chouhan has suggested BUY Trade for automobile major Maruti Suzuki with a stop loss of Rs 6,750, target at Rs 7,000.
Traders can initiate a BUY Trade for metal counter Hindalco with a stop loss of Rs 390, target at Rs 430, 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.