Mitessh Thakkar: SELL Persistent Systems, Hindustan Unilever, Container Corp; BUY ONGC
Market analyst Mitesh Thakkar has suggested three SELL Calls and one BUY Call for today’s trading session. Indian markets are expected to open lower today, tracking the weak trends in global stock markets. US markets closed lower on Thursday and we can expect a correction in Indian stocks as well.
Thakkar has suggested SELL Call for FMCG major Hindustan Unilever for a target of Rs 2,310 with a stop loss at Rs 2,370. Traders can initiate a SELL Trade for Container Corporation of India for a target of Rs 585 with a stop loss at Rs 640, as per Thakkar.
Thakkar has suggested SELL Call for Persistent Systems for a target of Rs 3,950 with a stop loss at Rs 4,100.
For energy major ONGC, Thakkar has suggested a BUY Call. However, if the overall market trades low today, we might not have success in this CALL. Traders can BUY ONGC for a target of Rs 160 with a stop loss at Rs 151, as per Thakkar.
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.