Kushal Gupta: SELL Indigo Airlines, Axis Bank, Hindalco; BUY Bharti Airtel and HUL
Market analyst Kushal Gupta has suggested three SELL Calls in Futures segment and two medium term BUY Calls for today’s trading session. Indian markets have been trading strong for the last few weeks but this week has witnessed bearish sentiment. US and European markets closed lower on Thursday and we can expect Indian stocks to witness a sharp correction for today. It is yet to be seen if we can see a deeper correction next week but today’s session should remain negative due to selling pressure.
Gupta has suggested SELL Trade for Interglobe Aviation Futures Contract at current levels for target price of Rs 2010 with Stop Loss at Rs 2090. Gupta has suggested SELL CALL for private banking major Axis Bank Futures at current levels. The target price has been suggested at Rs 660 and Stop Loss at Rs 689.
Gupta has suggested SELL CALL for metal counter Hindalco Futures Contract at current levels for target price of Rs 435 and Stop Loss at Rs 452.
Medium term investors can BUY FMCG major Hindustan Unilever at current levels for target price of Rs 2700 with six months holding time. Investors can BUY Bharti Airtel for six months at current level for target price of Rs 950, as per Gupta.
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.