Hemen Kapadia: BUY Bajaj Finance and DLF

Hemen Kapadia: BUY Bajaj Finance and DLF

Market expert Hemen Kapadia has suggested two BUY Calls for short term investors and traders. Indian markets are expected to open flat today but we can expect markets to show strength during the trading session. US markets closed negative after US Federal Reserve raised interest rates by 25 basis points. However, the news should be consider positive as interest rates could have peaked around the current levels and future rate hikes could be minimal. Markets can now look forward to other issues instead of just keeping tracking of Federal Reserve’s rate hikes.

Kapadia has suggested BUY Call for Bajaj Finance at current price for target of Rs 6010 with Stop Loss at Rs 5800. The stock is looking strong on the charts. The target could be achieved within a day or in 1-2 days.

Kapadia has suggested BUY Call for real estate major DLF at current price for target of Rs 390 with Stop Loss at Rs 360. The stock is looking strong for upside movement in case the markets trade firm.

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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