Market expert Mitesh Thakkar has suggested three BUY calls and just one SELL call for the trading session. Indian markets are expected to open slightly positive today as there isn’t any major trigger for the markets today. We could see NSE Nifty in a narrow range for today’s session. Indian government has been trying to help economy but many experts feel that the steps announced so far aren’t enough. Due to COVID-19 lockdowns, we may not see a major trouble to Indian consumption but the demand for goods and services worldwide could drop. And a slow recovery for global economy will impact many Indian companies that depend on exports.

Thakkar has suggested traders to initiate a Buy trade in Apollo Tyres with a stop loss of Rs 90, target at Rs 96. Other stock on Thakkar’s buy list for the day is FMCG major ITC. Thakkar suggests Buy for ITC with a stop loss of Rs 167.5, target at Rs 177. Thakkar has also suggested Buy for Godrej Consumer with a stop loss of Rs 543, target at Rs 575.

Only stock on Thakkar’s selling list for the day is Cholamandalam Finance. Traders can SELL Cholamandalam Finance with a stop loss of Rs 134, target at Rs 122, as per Mitesh Thakkar.

Indian markets are expected to trade as per the global market sentiments. We can expect the market close to be impacted by trends in European stocks. Asian markets have been trading mixed today and Indian markets are also expected to remain in a narrow trading range.