Mitesh Thakkar: BUY Havells, Adani Ports, Indian Hotels; SELL GAIL
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL call for today’s trading session. Indian markets are expected to open positive on Tuesday. The trading session on Monday was highly volatile with markets gaining nearly 500 points during the first hour of trade and then slipping by nearly 1000 points during the closing session. The panic selling was due to renewed border tensions with China. Indian GDP numbers were much worse than the expectations but it is possible that markets have already factored in the decline in GDP.
Thakkar has suggested BUY Call for Adani Ports with a stop loss of Rs 350, target at Rs 367. Traders can initiate a BUY trade in Havells with a stop loss of Rs 605, target at Rs 636, as per Thakkar.
Thakkar has suggested SELL Call for energy major GAIL with a stop loss of Rs 99, target at Rs 93.
Thakkar has suggested BUY Call for Indian Hotel with a stop loss of Rs 100, target at Rs 110.
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.