StockHolding Research: BUY Hindalco, Trent; SELL IGL
Market research house StockHolding Research has suggested two BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today and trading session could remain range-bound. Global markets were muted on Tuesday and majority of markets trading in a narrow range. Investors are concerned about slow growth of Chinese economy. US markets closed slightly negative yesterday and we can except Indian markets to trade in a narrow range today.
StockHolding Research has suggested BUY Call for metal counter Hindalco for intraday traders at Rs 479 for target of Rs 494 with Stop Loss at Rs 472. The stock is technically strong and can offer quick returns in intraday trade. However, if the markets tank in the early trades, this counter could see lower levels during early trading session.
StockHolding Research has suggested BUY Call for Trent at Rs 2058 with target price of Rs 2090 and Stop Loss at Rs 2010. The stock is looking strong on technical charts. This call can take a couple of sessions to reach the target.
Day traders can SELL PSU energy major Indraprastha Gas Limited at Rs 456 for target price of Rs 449 with Stop Loss at Rs 460, as per StockHolding Research.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.