Shrikant Chouhan: BUY Siemens; SELL Pidilite
Market analyst Shrikant Chouhan from Kotak Securities has suggested one BUY Call and one SELL Call for today’s trading session. Indian markets are expected to open strong, following the positive sentiment in global markets. Asian markets were trading firm this morning and NSE Nifty could see a gap-up opening for today’s session.
Chouhan has suggested BUY Call for engineering major Siemens for a target of Rs 2,375-2,400 with a stop loss at Rs 2,240. With markets regaining some of the lost ground in today’s session, we can expect Siemens to perform well in the trade.
Traders can initiate a SELL Trade for Pidilite Industries for a target of Rs 1,950-1,900 with a stop loss at Rs 2,200, as per Chouhan. The stock is looking weak on the charts.
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.