Kushal Gupta: BUY Hero MotoCorp, Mahindra Holidays; SELL Godrej Properties and JSW Steel
Market expert Kushal Gupta has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today and we can see stock specific action in the markets today. Indian markets are expected to open strong today on back of strong Asian cues. However, we could see selling at higher levels and we could witness a volatile session. US markets were stable during yesterday’s trade but traders can still expect decline in US and European markets as interest rate hikes are imminent.
Gupta has suggested long term BUY Call automobile major Hero MotoCorp at current levels for target price of Rs 3400. The suggested duration of this call is 12 months. Gupta has suggested BUY Call for Mahindra Holidays at current levels for target price of Rs 305 with Stop Loss at Rs 291. The stock is looking strong on the charts.
Gupta has suggested SELL Call for Godrej Properties at current levels for target price of Rs 1380 with Stop Loss at Rs 1445. The stock is looking weak on technical charts. Gupta has suggested SELL Call for JSW Steel Futures Contract at current price for target of Rs 673 with Stop Loss at Rs 702.
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.