Mitessh Thakkar: BUY SBI, Coal India; SELL Maruti Suzuki and TVS Motors
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open negative today and we can see a range-bound trading session ahead of RBI’s policy meeting tomorrow. US markets have given mixed signals and we can see NSE Nifty trading with nearly 50-100 points lower compared to yesterday’s close. Markets are fundamentally strong but short term weakness can’t be ruled out.
Thakkar has suggested BUY Call for PSU energy major Coal India at current levels with a Stop Loss of Rs 228 and target of Rs 240. Thakkar has suggested BUY Call for PSU banking major SBI at current levels with a Stop Loss of Rs 609 and target of Rs 635. The stock is looking strong on the charts.
Thakkar has suggested SELL Call for automobile major Maruti Suzuki at current levels with a stop loss of Rs 8,850 and target of Rs 8,650.
Thakkar has suggested SELL Trade for TVS Motors at current price with a stop loss of Rs 1,035 and target of Rs 985.
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.