Mitesh Thakkar: BUY ICICI Bank, SBI Life, Apollo Tyres; SELL APL

Mitesh Thakkar: BUY ICICI Bank, SBI Life, Apollo Tyres; SELL APL

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly lower today and trends in Asian markets suggest that we can expect slight weakness in the markets. US markets closed negative on Tuesday while European stocks closed mixed. Market participants are expecting a correction in the markets but for the last few weeks, we haven’t seen any major correction in stocks. Today’s action could be stock specific in Indian markets.

Thakkar has suggested BUY Call for private banking major ICICI Bank with a stop loss of Rs 653, target at Rs 686. Traders can BUY Apollo Tyres with a stop loss of Rs 230, target at Rs 246, as per Thakkar.

Thakkar has suggested BUY Call for SBI Life as the stock is looking strong on the charts. Traders can BUY SBI Life with a stop loss of Rs 1,036, target at Rs 1,085, as per Thakkar.

Thakkar has suggested SELL Trade for APL with a stop loss of Rs 976, target at Rs 942.

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.

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