Shrikant Chouhan: BUY Tata Steel, BPCL and Persistent Systems
Market expert Shrikant Chouhan from Kotak Securities has suggested three BUY Calls and no SELL Calls for short term traders. Indian markets are expected to open flat today but we can expect selling pressure during the trading session. US and European markets closed negative on Thursday and Asian stocks have been trading mixed. Indian markets are hovering around their all-time highs for the indices and many market players believe that a healthy correction is needed.
Chouhan has suggested BUY Call for Persistent Systems with a stop loss of Rs 2,800, target at Rs 2,975. Traders can initiate a BUY Trade for steel major Tata Steel with a stop loss of Rs 1,245, target at Rs 1,300, as per Chouhan.
Chouhan has suggested BUY Call for PSU oil major BPCL. Traders can BUY BPCL with a stop loss of Rs 440, target at Rs 465, 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.