Varun Dubey: BUY Godrej Properties, Apollo Tyres, Bikaji Foods; SELL Biocon

Varun Dubey: BUY Godrej Properties, Apollo Tyres, Bikaji Foods; SELL Biocon

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 can see a range-bound session. RBI is expected to raise interest rates by 30-50 basis points. Markets have probably already factored in the interest rate hike and it might not have any big impact on the indices. Indian markets are showing strength despite weakness in global markets. Markets are looking strong at the moment and we have seen markets taking support from 18600 on NSE Nifty. Markets going below 18600 on closing basis could have short term negative impact on the sentiment.

Dubey has suggested BUY Call for Apollo Tyres at current levels for target of Rs 330 with Stop Loss at Rs 313. The stock is looking strong on the charts. Dubey has suggested BUY Call for Bikaji Foods at current price for target of Rs 410 with Stop Loss at Rs 390.

Dubey has suggested medium term BUY Call for Godrej Properties at current levels for target of Rs 1800 with holding period of 8 months.

Dubey has suggested SELL Call for Biocon at current levels for target of Rs 268 with Stop Loss at Rs 279. The stock is looking weak on technical 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.

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