Shrikant Chouhan: SELL Cholamandalam; BUY NALCO
Market expert Shrikant Chouhan from Kotak Securities has suggested one BUY Call and one SELL Call for today’s trade. Indian markets are expected to open lower today and we can witness strong selling pressure. As the Ukraine-Russia crisis has deepened, the markets in US and Europe were trading low. Asian stocks were also trading low due to geopolitical concerns.
Chouhan has suggested BUY Call for PSU counter NALCO for a target of Rs 140-145 with a stop loss at Rs 125.
Traders can initiate a SELL Trade for financial services provider Cholamandalam Investment for a target of Rs 640-630 with a stop loss at Rs 690, 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.