Kushal Gupta: BUY Mahindra Logistics, Infosys SELL Hero MotoCorp, Indigo Airlines
Market expert Kushal Gupta has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today as global markets have turned volatile with US indices closing in the red on Wednesday. Asian markets were trading mixed this morning. Crude oil has been declining over the last few sessions.
Gupta has suggested medium to long term BUY Calls for Infosys Technologies and Mahindra Logistics. Investors can BUY Infosys at current levels or during declines for target price of Rs 2100. The holding time for this call is 12 months. Investors can BUY fundamentally strong Mahindra Logistics for six months duration for target price of Rs 800.
Gupta has suggested SELL Call for Hero MotoCorp Futures Contract at current levels for target price of Rs 2380 with Stop Loss at Rs 2475. Traders can SELL Interglobe Aviation at current price for target of Rs 1850 with Stop Loss at Rs 1920. The aviation counter is looking weak on technical charts.
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.