Shrikant Chouhan: BUY SBI Life, Cadila Healthcare and SAIL
Market expert Shrikant Chouhan from Kotak Securities has suggested three BUY Calls and no SELL Calls for today’s trading session. Indian markets witnessed a pullback rally in yesterday’s trading session. While the market sentiment is still cautious due to rising COVID-19 cases, market experts still believe that the impact on companies will not be massive due to second wave. Markets can decline during the opening session today as US markets closed negative yesterday and Asian markets have been trading mixed.
Chouhan has suggested BUY Call for pharmaceutical major Cadila Healthcare with a stop loss of Rs 535, target at Rs 575. Traders can initiate a BUY Trade for steel major SAIL with a stop loss of Rs 91, target at Rs 100, as per Chouhan.
SBI Life is looking strong at the current levels. Traders can BUY SBI Life with a stop loss of Rs 890, target at Rs 960, 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.