Varun Dubey: BUY Axis Bank, Welspun India, CoForge; SELL Siemens
Market expert Varun Dubey has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today and we could see markets facing resistance at higher levels. Global cues were muted yesterday and after last week’s rally, markets are trading sideways this week. Indian markets could end lower today but market direction will mainly depend on global cues.
Dubey has suggested BUY Call for private banking major Axis Bank at current levels for target of Rs 875 with Stop Loss at Rs 850. Dubey has suggested medium term BUY Call for Welspun India at current price for target of Rs 100. The holding period for this call has been suggested at 4-6 months.
Dubey has suggested BUY Call for CoForge at current price for target of Rs 4050 with Stop Loss at Rs 3930.
Dubey has suggested SELL Call for Siemens at current levels for target of Rs 2810 with Stop Loss at Rs 2900. The stock is looking weak on the charts.
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.