Varun Dubey: BUY Bandhan Bank, PAYTM, Torrent Pharma, Vascon Engineers and Gateway Distriparks
Market expert Varun Dubey has suggested five BUY Calls and no SELL Call for today’s trading session. Indian equities are expected to open strong and we could see a rally in the markets after a few days of lackluster trade. US markets closed positive on Wednesday and European stocks were also firm. Asian markets were trading positive this morning and we could see strength in Indian equities as well. The overall trend in Indian markets is positive and there is sustained buying in fundamentally strong stocks.
Dubey has suggested BUY Call for Bandhan Bank at current price for target of Rs 246 with Stop Loss at Rs 232. The stock is looking strong on technical charts and can offer good returns if markets remain positive. Dubey has suggested BUY Call for payment services major PAYTM at current price for target of Rs 940 with Stop Loss at Rs 890. This call can take a few sessions to reach the target price, as per Dubey.
Dubey has suggested medium term BUY Call for Torrent Pharma at current price for target of Rs 2000 with Stop Loss at Rs 1920. The stock would remain in focus as the company is planning to join the bidding process for generics major Cipla.
Dubey has suggested BUY trade for Vascon Engineers at current price for target of Rs 63 with Stop Loss at Rs 59. Traders can BUY Gateway Distriparks at current levels for target of Rs 90 with Stop Loss at Rs 85, as per Dubey.
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.