Shrikant Chouhan: BUY Tata Steel, ICICI Bank, Larsen & Toubro
Market expert Shrikant Chouhan from Kotak Securities has suggested three BUY Call for short term traders. The sentiment in markets is bullish and NSE Nifty has been making fresh highs during the last few weeks. US markets closed positive on Thursday and we can expect Indian markets to open slightly positive today. Asian markets were trading mixed this morning.
Chouhan has suggested BUY Call for private banking major ICICI Bank with a stop loss of Rs 414, target at Rs 430. Traders can initiate a BUY trade for steel major Tata Steel with a stop loss of Rs 1,095, target at Rs 1,170, as per Chouhan. The stock is looking strong on the charts and we can expect momentum to take Tata Steel higher.
Chouhan has suggested BUY Trade for infrastructure major Larsen & Toubro with a stop loss of Rs 1,480, target at Rs 1,560. The stock has been recommended as BUY Trade by market analyst Mitesh Thakkar as well.
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.