Mitessh Thakkar: BUY Apollo Tyres, Reliance; SELL UPL and SBI Life
Technical analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat and we could see volatility. US markets are still trading negative after recent US Federal Reserve meeting. Global market sentiment is negative and we could see the year ending on a negative note.
Thakkar has suggested BUY Call for Apollo Tyres at current levels for a target of Rs 340 with a stop loss at Rs 322. Thakkar has suggested BUY Call for Reliance for a target of Rs 2,680 with a stop loss at Rs 2,590. The stock is looking strong on the charts.
Thakkar has suggested SELL Call for UPL for a target of Rs 725 with a stop loss at Rs 760. Thakkar has suggested SELL Trade for SBI Life for a target of Rs 1,205-1,200 with a stop loss at Rs 1,251.
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.