Ashish Chaturvedi: BUY Castrol, LIC, BEML, CARE Ratings and Blue Dart

Ashish Chaturvedi: BUY Castrol, LIC, BEML, CARE Ratings and Blue Dart

Market expert Ashish Chaturvedi has suggested five BUY Calls and no SELL Call for today’s trade. Indian markets are expected to open positive today but trade is expected to remain range-bound. US markets closed slightly negative on Tuesday and European markets were trading lower. Indian markets are still showcasing positive sentiment but FIIs have remained net sellers during the last two sessions. Some market participants are expecting a small correction in the coming days.

Chaturvedi has suggested BUY Call for Castrol at current price for target of Rs 128 with Stop Loss at Rs 120. The stock is looking strong on the charts. Chaturvedi has suggested BUY Call for BEML at current levels for target of Rs 1710 with Stop Loss at Rs 1600.

Chaturvedi has suggested BUY Call for Care Ratings at current levels for target of Rs 740 with Stop Loss at Rs 700. The stock looks strong on the charts.

Chaturvedi has suggested medium term BUY Call for LIC India at current price for target of Rs 725. The suggested holding period for the call is 6-9 months. Chaturvedi has suggested BUY Call for Blue Dart for short term with target price of Rs 7100. The holding period for this call is three weeks.

All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.

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