Shrikant Chouhan: Buy Reliance; SELL Bajaj Finance

Shrikant Chouhan: Buy Reliance; SELL Bajaj Finance

Market expert Shrikant Chouhan from Kotak Securities has suggested one BUY Call and one SELL Call for today’s trading session. Indian markets are expected see gap-down opening in today’s session as US markets closed negative on Thursday. Markets are currently fearing inflation and rising interest rates and this has led to volatility in global markets. With high oil and natural gas prices, there is a lot of pressure on many businesses. Indian markets are expected to track the developments in global markets.

Chouhan has suggested BUY Call for Reliance Industries for a target of Rs 2,800-2,850 with a stop loss at Rs 2,740. The stock is looking strong on the charts. Short term traders can BUY Reliance on declines.

Chouhan has suggested SELL Call for personal finance major Bajaj Finance for a target of Rs 5,700-5,600 with a stop loss at Rs 5,950.

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.