Varun Dubey: BUY Bharat Forge; SELL Rain Industries, Tata Chemicals and DLF
Technical analyst Varun Dubey has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open lower today and we could see further selling today. Asian markets were trading lower during the morning session. US markets closed lower on Thursday and many blue-chip stocks were trading near their yearly lows. Indian markets are expected to close lower today, mainly due to weak global cues.
Dubey has suggested BUY Call for Bharat Forge Futures Contract at current levels for target of Rs 880 with Stop Loss at Rs 855. The stock is looking strong on the charts.
Dubey has suggested SELL Call for Tata Chemicals at current price for target of Rs 915 with Stop Loss at Rs 955. Dubey has suggested SELL Call for real estate major DLF at current price for target of Rs 365 with Stop Loss at Rs 384.
Dubey has suggested SELL Call for Rain Industries Futures Contract at current price for target of Rs 163 with Stop Loss at Rs 171.
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.