Mitessh Thakkar: SELL Apollo Tyres, AU Small Finance, Manappuram Finance; BUY Biocon
Market analyst Mitesh Thakkar has suggested three SELL Calls and one BUY Call for today’s trading session. Indian markets are expected to witness a gap-down opening as US and European markets closed negative on Friday. Nasdaq and Dow Jones witnessed strong selling as investors fear inflation and imminent rate hikes by US Federal Reserve. Indian markets are expected to track global sentiment and we could see NSE Nifty losing major support levels in today’s trading session.
Thakkar has suggested SELL Call for Apollo Tyres for a target of Rs 190 with a stop loss at Rs 205. Traders can initiate a SELL Trade for Manappuram Finance for a target of Rs 86 with a stop loss at Rs 94, as per Thakkar.
Thakkar has suggested SELL Call for AU Small Finance Bank for a target of Rs 580 with a stop loss at Rs 612. The stock is looking weak on the charts.
Thakkar has suggested BUY Call for Biocon for a target of Rs 354 with a stop loss at Rs 335.
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.