Varun Dubey: BUY Tata Power, Indian Hotels, Bajaj Electricals; SELL Laurus Labs
Market expert Varun Dubey has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we could see selling pressure. Asian stocks were trading lower this morning. US and European markets closed negative on Thursday. The sentiment has turned negative after the recent US inflation data came strong, suggesting that there could be further rate hikes by US Federal Reserve.
Dubey has suggested BUY Call for Tata Power at current levels for target price of Rs 255 with Stop Loss at Rs 240. The stock is looking strong on the charts. Dubey has suggested BUY Call for Indian Hotels at current price for target of Rs 347 with Stop Loss at Rs 328.
Dubey has suggested medium term BUY Call for Bajaj Electricals at current price for target of Rs 1500. The suggested duration of this call is three months.
Dubey has suggested SELL Call for Laurus Labs Futures Contract at current price for target of Rs 515 with Stop Loss at Rs 540.
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.