Shrikant Chouhan: SELL IndiGo and Asian Paints
Shrikant Chouhan from Kotak Securities has suggested two SELL Calls for today’s trading session. Indian markets are expected to open negative today and we can witness selling pressure during the session. US markets closed lower on Thursday and Asian stocks were trading low today. Indian markets could see a small correction today but many market participants are looking forward to a strong, healthy correction in many counters.
Chouhan has suggested SELL Trade for domestic aviation major IndiGo at current levels. The stock could correct up to Rs 1900 levels.
Chouhan has suggested SELL Call for Asian Paints for a target of Rs 3,000-2,950 with a stop loss at Rs 3,180. The stock is looking weak on the charts. If the broader markets witnesses correction, Asian Paints would see a decline as well.
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.