Varun Dubey: BUY Anand Rathi Wealth, Tata Coffee; SELL Reliance and TCS
Market expert Varun Dubey has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets registered smart recovery last week and markets were above 16,000 level for NSE Nifty. Indian markets are expected to open lower today as Asian markets were trading down in the morning with China losing nearly 2.5 percent. US markets closed positive on Friday but we could see selling pressure during the early session in India. Markets are looking forward to quarterly results.
Dubey has suggested BUY Call for Anand Rathi Wealth at current price for target of Rs 670 with Stop Loss at Rs 635. Dubey has suggested long term BUY Call for Tata Coffee. Investors can BUY the stock at current price for target of Rs 250 with holding period of six months.
Dubey has suggested SELL Call for Reliance Industries Futures Contract at current price for 2350 with Stop Loss at Rs 2430. Dubey has suggested SELL Call for TCS Futures Contract at current price for target of Rs 3200 with Stop Loss at Rs 3300.
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.