Kushal Gupta: BUY Torrent Pharma, Tata Consumer; SELL IPCA Labs and ACC

Kushal Gupta: BUY Torrent Pharma, Tata Consumer; SELL IPCA Labs and ACC

Market expert Kushal Gupta has suggested two BUY Calls and two SELL Calls for short term traders. Indian markets are expected to remain range-bound today with a negative bias. After initially selling, FIIs have turned out buyers during June. The market sentiment is positive but many market participants are looking forward to a healthy correction in the markets before taking fresh positions.

Gupta has suggested BUY Call for Torrent Pharma at current price for target of Rs 1920 with Stop Loss at Rs 1850. The stock is looking strong on the charts. Gupta has suggested long term BUY Call for Tata Consumer Products at current levels for target of Rs 1000. The suggested duration of this call is 12 months.

Gupta has suggested SELL Call for IPCA Labs Futures Contract at current price for target of Rs 705 with Stop Loss at Rs 735. Gupta has suggested SELL Call for Cement Major ACC Futures Contract at current levels for target of Rs 1710 with Stop Loss at Rs 1785.

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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