Varun Dubey: BUY M&M, JK Paper, Ashok Leyland; SELL Axis Bank
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 expect selling pressure in the markets. The trading session could be volatile as US markets closed slightly higher but European stocks were trading lower. Asian markets were trading mixed this morning.
Dubey has suggested BUY Call for Mahindra & Mahindra Futures Contract at current prices for target of Rs 870 with Stop Loss at Rs 830. Dubey has suggested BUY Call for JK Paper at current levels for target price of Rs 221 with Stop Loss at Rs 208.
Dubey has suggested BUY Call for automobile major Ashok Leyland at current levels for target price of Rs 130 with Stop Loss at Rs 124.
Axis Bank is looking weak on the charts. Dubey has suggested BUY Call for Axis Bank 700 PUT OPTION at current levels for target price of Rs 25 with Stop Loss at Rs 16.
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.