Mitessh Thakkar: BUY HDFC Bank, Hero MotoCorp, JSPL; SELL GNFC
Market Analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets will have a gap-up opening today as US markets witnessed the biggest single-day jump in two years during Thursday’s session. US inflation data remained slightly lower than analyst estimates and this led to a rally on the Wall Street. Global markets are currently bullish and we could see Indian markets closing the week strong.
Thakkar has suggested BUY Call for private banking major HDFC Bank for a target of Rs 1,560 with a stop loss at Rs 1,509. Thakkar has suggested BUY Trade for automobile major Hero MotoCorp for a target of Rs 2,765 with a stop loss at Rs 2,689.
Traders can initiate a BUY Trade for JSPL for a target of Rs 246 with a stop loss at Rs 229, as per Thakkar.
Thakkar has suggested SELL Trade for GNFC for a target of Rs 650 with a stop loss at Rs 686.
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.