Shrikant Chouhan: BUY Axis Bank and Coal India
Market expert Shrikant Chouhan from Kotak Securities has suggested two BUY Calls for short term traders. Indian markets are expected to open flat and we can witness selling pressure at higher levels. We can expect stock specific action in the markets today. NSE Nifty and BSE Sensex are trading near their all-time highs. US markets closed positive on Thursday. Asian markets were trading positive this morning.
Chouhan has suggested BUY Call for private banking major Axis Bank as the stock is looking strong at current levels. Short term traders can BUY Axis Bank for a target price of Rs 845-850 with a stop loss at Rs 790, as per Chouhan.
Chouhan has suggested BUY Call for Coal India for a target of Rs 195 with a stop loss at Rs 179. The PSU coal major has been trading strong over the last few sessions. There is a strong demand for coal and we can expect the PSU coal major to report strong set of numbers.
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.