Vaishali Parekh: BUY Bharat Heavy Electricals, RITES and CIE Automotive India

CIE Automotive India

Market expert Vaishali Parekh from Prabhudas Lilladher has suggested three BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open flat today can we could see a range-bound session with selling pressure at higher levels. US markets have corrected in the recent sessions but the selling pressure seems to reduce in yesterday’s session. We could see Indian markets closing based on US futures trends. The overall medium term outlook for Indian stocks is positive.

Parekh has suggested BUY Call for engineering major BHEL at Rs 101 with Stop loss at Rs 99 for target price Rs 107. The stock is looking strong on the charts. Parekh has suggested BUY Call for RITES at Rs 473 with Stop loss at Rs 468. The target price has been suggested at Rs 500 by Parekh.

Parekh has suggested BUY Call for CIE Automotive India at Rs 500 with target price of Rs 525. The Stop Loss has been suggested at Rs 494 by Parekh. The stock is looking strong on the charts and if markets remain positive, short term traders can expect good returns.

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.

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