Kushal Gupta: BUY Sundram Fasteners, Titagarh Rail Systems, PFC, CMS Info; SELL Dixon Tech

Kushal Gupta: BUY Sundram Fasteners, Titagarh Rail Systems, PFC, CMS Info; SELL Dixon Tech

Market expert Kushal Gupta has suggested four BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we can witness further selling in the markets. Even if the market finds support at lower levels, the trading session could remain largely under pressure. US and European markets have given negative cues and Asian stocks were trading lower this morning. Indian markets can also witness stock specific action as some companies will be announcing quarterly numbers. NSE Nifty recovered from 19700 levels on Friday and this could offer small support. Lower levels for Nifty could be seen in today’s session.

Gupta has suggested BUY Call for Sundram Fasteners at current levels for target of Rs 1260 with Stop Loss at Rs 1210. The stock is looking strong on the charts and on back of positive news, it could offer quick returns to traders. Gupta has suggested long term BUY Call for PSU power major PFC at current price for target of Rs 270 with holding period of 12 months.

Gupta has suggested BUY Call for Titagarh Rail Systems at current price for target of Rs 635 with Stop Loss at Rs 610. The stock has given a positive breakout and is looking strong on the charts.

Gupta has suggested BUY Trade for CMS Info at current levels for target of Rs 392 with Stop Loss at Rs 370. The stock is looking strong on technical charts.

Gupta has suggested SELL Call for Dixon Technologies Futures Contract at current levels for target of Rs 4050 with Stop Loss at Rs 4210. The stock is looking weak on the charts and could trade lower due to weakness.

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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