Mitessh Thakkar: BUY HPCL, ICICI General Insurance, ONGC; SELL Laurus Labs
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today as NSE Nifty has finally crossed the major resistance of 18550. Nifty even closed above this resistance and market mood is upbeat. Indian markets have been trading firm over the last few sessions and finally we have seen a breakout. We can’t rule out selling pressure at higher levels but market trend is looking positive.
Thakkar has suggested BUY Call for PSU energy major ONGC at current price for a target of Rs 145 with a stop loss at Rs 136. Thakkar has suggested BUY Call for PSU energy counter Hindustan Petroleum Corporation Limited for a target of Rs 232 with a stop loss at Rs 217.
Thakkar has suggested BUY Call for ICICI General Insurance at current price for a target of Rs 1,230 with a stop loss at Rs 1,150.
Thakkar has suggested SELL Call for Laurus Labs for a target of Rs 435 with a stop loss at Rs 456.
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.