Mitessh Thakkar: BUY Bajaj Finserv, Federal Bank, Coromandel Fertilizers; SELL Hindustan Aeronautics
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today and we could see markets trading in a narrow range. Indian markets are mainly depending on global cues for the last few weeks. Indian companies have declared relatively good quarterly results during the last quarter. We can expect stock specific action in the coming weeks as companies will start announcing quarterly numbers.
Thakkar has suggested BUY Call for financial services major Bajaj Finserv for a target of Rs 11,700 with a stop loss at Rs 11,140. Thakkar has suggested BUY Call for Coromandel Fertilisers for a target of Rs 1,010 with a stop loss at Rs 960. The stock is looking strong on the technical charts.
Thakkar has suggested BUY Call for banking counter Federal Bank for a target of Rs 97 with a stop loss at Rs 92.
Thakkar has suggested SELL Call for Hindustan Aeronautics for target of Rs 1,700 with a stop loss at Rs 1,751.
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.