Varun Dubey: SELL LIC Housing, Amara Raja, Hero MotoCorp, BUY Greenlam Industries
Market expert Varun Dubey has suggested three SELL Calls and one BUY Call for today’s trading session. Indian markets are expected to open gap-down today, tracking the trends in global markets. 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.
Dubey has suggested three SELL Calls in futures segment. Traders can SELL LIC Housing Futures at current price for target price of Rs 385 with Stop Loss at Rs 403. Dubey has suggested SELL Call for Amara Raja Batteries Futures contract at current price for target of Rs 605 with Stop Loss at Rs 635.
Traders can SELL automobile major Hero MotoCorp Futures contract at current levels for target price of Rs 2530 with Stop Loss at Rs 2630.
Dubey has suggested BUY Call for Greenlam Industries at current levels for target price of Rs 1560 and Stop Loss at Rs 1470.
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.