Shrikant Chouhan: BUY Tech Mahindra; SELL Larsen & Toubro
Market expert Shrikant Chouhan from Kotak Securities has suggested one BUY Call and one SELL Call for today’s trading session. Indian markets suffered a massive decline in yesterday’s trade while global markets remained slightly lower. Market experts have suggested 14250 as immediate support level for NSE Nifty while resistance will be in range of 14500 – 14600 for Nifty. We can expect markets to recover some of the losses in today’s trade.
Technology stocks remained strong in yesterday’s session. Many technology companies have reported strong results and investors have been buying these stocks for quite some time. The buying support has led Tech Mahindra in a strong positive on technical charts. Traders can BUY Tech Mahindra with a stop loss of Rs 1,000, target at Rs 1,120, as per Chouhan.
Chouhan has suggested SELL trade for Larsen & Toubro with a stop loss of Rs 1,380, target at Rs 1,280.
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.