Mitesh Thakkar: BUY NALCO; SELL Axis Bank, Info Edge India and Tata Chemicals
Market analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets witnessed a major decline in yesterday’s trade and we can expect decline to continue in today’s session as well. Markets are expected to open lower and we can see NSE Nifty breaking major support levels.
Thakkar has suggested SELL Trade for private banking major Axis Bank with a stop loss of Rs 640, target at Rs 610. Thakkar has suggested SELL Trade for Info Edge India with a stop loss of Rs 4,800, target at Rs 4,500.
Traders can SELL Tata Chemicals with a stop loss of Rs 506, target at Rs 460, as per Thakkar. Tata Chemicals is looking weak on the charts and we can see a nearly 10 percent decline for the stock.
Traders can BUY National Aluminium with a stop loss of Rs 46.4, target at Rs 52, 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.