Mitesh Thakkar: BUY SBI, ICICI Bank, Shriram Transport; SELL Grasim Industries
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat and we can expect selling pressure at higher levels. US markets closed almost flat and Asian markets are trading negative today.
Thakkar has suggested BUY Call for private banking major ICICI Bank with a stop loss of Rs 632, target at Rs 665. Thakkar has suggested BUY Call for another banking major State Bank of India with a stop loss of Rs 393, target at Rs 424. Traders can initiate a BUY Trade for Shriram Transport with a stop loss of Rs 1,454, target at Rs 1,530, as per Thakkar.
Thakkar has suggested SELL Trade for cement major Grasim Industries with a stop loss of Rs 1,387, target at Rs 1,340
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.