Shrikant Chouhan: BUY United Spirits and Lupin
Market expert Shrikant Chouhan from Kotak Securities has suggested two BUY Calls for today’s trading session. Indian markets have been trading positive over the last few trading sessions, mainly due to strength in global equity markets. Indian markets are expected to open flat today but we can expect markets to gain momentum during the trading session.
Chouhan has suggested BUY Call for Lupin with a stop loss of Rs 1,180, target at Rs 1,280. Pharmaceutical companies have been trading strong in the recent weeks. The renewed buying interest in some of the biggest pharmaceutical companies has taken their stock prices near their all-time highs.
Other stock on Chouhan’s buying list is United Spirits. Traders can BUY United Spirits with a stop loss of Rs 575, target at Rs 620 as the stock is looking strong 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.