Mitesh Thakkar: BUY Hindalco, Axis Bank, Indraprastha Gas; SELL PowerGrid
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets witnessed the much-awaited correction in yesterday’s session and we can expect markets to see a decline today as well. Markets have been trading strong for the last few weeks and made new highs each week. The decline in yesterday’s trade was steep and was triggered by fears about a new strain of coronavirus emerging from the United Kingdom.
Thakkar has suggested BUY Call for private banking major Axis Bank with a stop loss of Rs 576, target at Rs 595.
Thakkar has suggested BUY Trade for metal counter Hindalco with a stop loss of Rs 1,405, target at Rs 1,481. Traders can BUY Indraprastha Gas with a stop loss of Rs 458, target at Rs 475, as per Thakkar.
Thakkar has suggested SELL Trade for PowerGrid with a stop loss of Rs 190.5, target at Rs 180.
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.