Shrikant Chouhan: BUY UltraTech Cement, Hindalco, Divi’s Labs
Market expert Shrikant Chouhan from Kotak Securities has suggested three BUY Calls and no SELL Calls for today’s trading session. Indian markets are expected to open lower today and we can expect selling in select counters. The markets witnessed a strong performance over the last few trading sessions and many market experts were looking forward to a decline. Today’s trading session could give buying opportunity in Nifty options at lower levels.
Chouhan has suggested BUY Call for metal counter Hindalco Industries with a stop loss of Rs 360, target at Rs 400. Among cement stocks, UltraTech Cement is on Chouhan’s list for the trading session. Traders can initiate a BUY trade for UltraTech Cement with a stop loss of Rs 6,300, target at Rs 6,650, as per Chouhan.
Chouhan has suggested BUY Call for pharmaceutical major Divi's Laboratories with a stop loss of Rs 3,800, target at Rs 4,050.
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.