Shrikant Chouhan: BUY ONGC and Sumitomo Chemical

Shrikant Chouhan: BUY ONGC and Sumitomo Chemical

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 as Asian cues are muted this morning. US markets have been trading positive over the last few weeks. Global markets are looking positive at the moment and majority of negative issues have probably been factored in by investing community in stock prices.

Chouhan has suggested BUY Call for Sumitomo Chemical for a target of Rs 520-530 with a stop loss at Rs 474. The stock is looking strong on the charts.

Chouhan has suggested BUY Call for energy major Oil and Natural Gas Corporation for a target of Rs 144-145 with a stop loss at Rs 131.

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.

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