Varun Dubey: BUY United Spirits, Wipro; SELL Reliance and Amara Raja Batteries
Market expert Varun Dubey has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we can witness markets to trade lower during the session. Some stocks are looking overvalued right now and a small correction would only improve confidence of market participants. Asian stocks were trading mixed this morning.
Dubey has suggested BUY Call of United Spirits at current price for a target of Rs 955 and Stop Loss at Rs 900. Traders can initiate a BUY Call for technology major Wipro at current levels for price target of Rs 670 and Stop Loss at Rs 640, as per Dubey.
Dubey has suggested Reliance Future SELL Call for target price of Rs 2430 and Stop Loss at Rs 2500. The stock can witness a small decline in today’s trading session. Dubey has suggested SELL Trade for Amara Raja Batteries Futures contract at current levels for target of Rs 625 and Stop Loss at Rs 652.
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.