Mitesh Thakkar: BUY ITC, Coromandel International, Kotak Mahindra Bank; SELL Adani Ports
Market expert Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open strong today and we can see buying support after a few sessions of sideways trading. US and European markets were volatile in yesterday’s trade. Oil and Natural Gas touched multiple-year high in yesterday’s trade.
Thakkar has suggested BUY Call for Coromandel International for a target of Rs 890 with a stop loss at Rs 844. Among FMCG companies, ITC is on Thakkar’s radar for the session. Traders can BUY ITC for a target of Rs 238 with a stop loss at Rs 227, as per Thakkar.
Kotak Mahindra Bank is looking strong in the private banking space. Thakkar has suggested BUY Call for Kotak Mahindra Bank for a target of Rs 1,995 with a stop loss at Rs 1,939.
Thakkar has suggested SELL Trade for Adani Ports around Rs 730-735 for a target of Rs 712 with a stop loss at Rs 746.
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.