Varun Dubey: BUY Kotak Mahindra Bank, Orient Electric; SELL Hindalco and Marico
Market expert Varun Dubey has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today as global cues were mixed. Indian markets will also be looking forward to quarterly results and we could see stock specific action in upcoming sessions.
Dubey has suggested BUY Call for private banking major Kotak Mahindra Bank at current price for target of Rs 1740 with Stop Loss at Rs 1630. Dubey has suggested medium term BUY Call for Orient Electric at current levels for target price of Rs 325. The holding period for this call is six months.
Dubey has suggested SELL Call for metal counter Hindalco at current price for target of Rs 335 with Stop Loss at Rs 348. Traders can SELL FMCG counter Marico at current price for target of Rs 480 with Stop Loss at Rs 499.
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.