Shrikant Chouhan: BUY McDowells, Bharat Forge; SELL TCS
Market expert Shrikant Chouhan from Kotak Securities has suggested two BUY Calls and one SELL Call for short term traders. Indian markets are expected to open weak today and we can expect selling pressure in majority of stocks. A correction in stocks is long overdue but most of the corrections in the recent months have been short-lived. Asian markets are trading low today and we can expect Indian markets to face selling pressure.
Chouhan has suggested BUY Call for Bharat Forge for a target price of Rs 840 with a stop loss at Rs 780. The stock is looking strong on the charts.
Chouhan has suggested BUY Call for McDowells for a target price of Rs 745 with a stop loss at Rs 700.
Technology companies have been among investors’ favorites for the last one year and many companies have seen high valuations. Chouhan has suggested SELL Trade for technology major TCS for a target price of Rs 3,450 with a stop loss at Rs 3,600.
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.