Varun Dubey: BUY Bajaj Auto, Anand Rathi; SELL Wipro and Biocon
Market expert Varun Dubey has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we could see selling at higher levels. US Federal Reserve announced 75 basis points interest rate hike in its latest policy meeting. The US markets declined after Federal Reserve said that there would be more rate hikes till the time inflation is under 2 percent target. Indian markets are showcasing positive sentiments but market direction will also depend on international market sentiment.
Dubey has suggested BUY Call for Bajaj Auto at current price for target price of Rs 3800 with Stop Loss at Rs 3700. The stock is looking strong on the charts. Dubey has suggested medium term BUY Call for Anand Rathi Wealth at current price for target of Rs 900. The holding period for this Call has been suggested at 8 months.
Dubey has suggested SELL Call for technology major Wipro at current levels for target of Rs 385 with Stop Loss at Rs 400. Dubey has suggested SELL Trade for Biocon at current price for target of Rs 262 with Stop Loss at Rs 273.
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.