Mitessh Thakkar: BUY Rain Industries, FirstSource; SELL Asian Paints and Axis Bank
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today and NSE Nifty would see the take support from lower levels. Asian markets were trading weak this morning and US markets closed negative on Monday. Indian markets will also look forward to upcoming monetary policy meeting tomorrow.
Thakkar has suggested BUY Call for Rain Industries for a target of Rs 183 with a stop loss at Rs 173. The stock is looking strong after it has witnessed sustained buying at lower levels. Thakkar has suggested BUY Call for FirstSource for a target of Rs 118 with a stop loss at Rs 108.
Thakkar has suggested SELL Call for private banking major Axis Bank for a target of Rs 652 with a stop loss at Rs 682. Traders can initiate a SELL Trade for Asian Paints for a target of Rs 2,740 with a stop loss at Rs 2,855, 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.