Shrikant Chouhan: BUY Sun Pharma and Tech Mahindra
Market expert Shrikant Chouhan from Kotak Securities has suggested two BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to see gap-up opening today as US and Asian markets have given bullish signals. US stocks closed strong on Thursday and we can expect markets to remain firm for today’s trade. NSE Nifty could comfortably cross 17000 levels in today’s session.
Chouhan has suggested BUY Call for technology major Tech Mahindra at current price for a target of Rs 1,100-1,120 with a stop loss at Rs 1,020. The stock is looking strong on the charts. After the recent decline in majority of technology counters, we can see a bounce-back.
Chouhan has suggested BUY Call for pharmaceutical major Sun Pharma at current price for a target of Rs 940-950 with a stop loss at Rs 884. The stock is looking good 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.