Varun Dubey: BUY Nippon India, Rane Brakes, Bank of Baroda, SELL Petronet LNG
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. After yesterday’s positive close, NSE Nifty is showcasing positive trend but the direction of Indian markets will mainly depend on global cues. Ukraine Russian tensions have reduced but still no concrete decisions have been taken by either side. US markets closed negative on Monday as investors are looking forward to Federal Reserve meeting.
Dubey has suggested BUY Call for Nippon India at current levels for target price of Rs 340 with Stop Loss at Rs 318. Dubey has suggested BUY Trade for PSU banking major Bank of Baroda at current levels for target price of Rs 112 with Stop Loss at Rs 105.
Traders can initiate a BUY Trade for Rane Brakes at current price for target of Rs 635 with Stop Loss at Rs 595. The stock is looking strong on the charts.
Dubey has suggested SELL Call for Petronet LNG at current levels for target price of Rs 200 with Stop Loss at Rs 208.
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.