Mitessh Thakkar: BUY Muthoot Finance, HPCL, IOC; SELL Bandhan Bank
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 global cues are still positive. NSE Nifty is above its major resistance levels and we could see strength in the markets this week.
Thakkar has suggested BUY Call for PSU energy major HPCL for a target of Rs 262 with stop loss at Rs 245. Traders can BUY IOC for a target of Rs 77 stop loss at Rs 71, as per Thakkar.
Thakkar has suggested BUY Call for gold finance major Muthoot Finance for a target of Rs 1,200 with stop loss at Rs 1120.
Thakkar has suggested SELL Call for private banking counter Bandhan Bank for target of Rs 264 with a stop loss at Rs 278.
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.