Shrikant Chouhan: BUY SRF and Birla Corporation
Technical 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. We can expect selling pressure in technology stocks. Infosys quarterly results will be in focus for today’s trade and technology stocks could witness volatility. Indian markets are still showing positive signs but markets could see decline as global cues are negative. Inflation numbers have come lower and this could help markets in short term.
Chouhan has suggested BUY Call for SRF at current price for a target of Rs 2,300 with a stop loss at Rs 2,170. The stock is looking strong on the charts and could offer a positive breakout. If markets show strength, this counter can offer decent returns.
Chouhan has suggested BUY Call for Birla Corporation at current price for a target of Rs 1,060-1,070 with a stop loss at Rs 950. The stock is looking strong on technical charts.
Bata India is hovering around its 52-week low and we could see further decline in the stock.
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.