Mitessh Thakkar: BUY Colgate; SELL CONCOR, Intellect Design and NALCO
Market analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open lower today and NSE Nifty touch take support from lower levels. US markets closed negative on Monday and global markets are looking cautious at the moment.
Thakkar has suggested BUY Call for FMCG counter Colgate for a target of Rs 1,620 with a stop loss at Rs 1,574. The stock is looking strong on the charts.
Thakkar has suggested SELL Call for CONCOR for a target of Rs 650 with a stop loss at Rs 680. Thakkar has suggested SELL Call for Intellect Design Arena for a target of Rs 551 with a stop loss at Rs 598. The stock is looking weak on the charts.
Thakkar has suggested SELL Call for NALCO for a target of Rs 73 with a stop loss at Rs 79.
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.