Shrikant Chouhan: BUY SBI Life, Tech Mahindra and SAIL
Market analyst Shrikant Chouhan from Kotak Securities has suggested three BUY Calls for short term traders. Indian markets have been hovering around their all-time highs for market indices. We can expect markets to open flat today as global cues have been muted over the weekend. Markets need another trigger for a major movement on either side. Many market participants are looking forward to a correction.
Chouhan has suggested BUY Call for technology major Tech Mahindra with a stop loss of Rs 1,070, target at Rs 1,130.
PSU Steel major SAIL is also on Chouhan’s radar. Traders can BUY SAIL with a stop loss of Rs 128, target at Rs 137, as per Chouhan.
SBI Life is looking strong on the charts. The stock has recently seen a breakout and majority of market analysts have given BUY Call for SBI Life. Chouhan has suggested BUY CALL for SBI Life with a stop loss of Rs 980, target at Rs 1,070.
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.