StockHolding Research: SELL RBL Bank; BUY Info Edge
Market research house StockHolding Research has suggested one BUY Call and one SELL Call for today’s trading session. Indian markets are expected to open negative today and trading session could remain range-bound. Global markets were negative on Wednesday. Investors are concerned about the situation in the Middle East. US markets closed slightly negative yesterday. We can witness stock specific action in the markets today.
StockHolding Research has suggested BUY Call for job portal Naukri’s parent company InfoEdge for intraday traders at Rs 4204 for target of Rs 4278 with Stop Loss at Rs 4146. 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 SELL Call for private banking counter RBLBank at Rs 241 with target price of Rs 232 and Stop Loss at Rs 246. The stock is looking weak on technical charts and could see further decline. This call can take a couple of sessions to reach the target.
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.