Mitessh Thakkar: BUY BHEL, ICICI Bank, Bank of Baroda and Bharat Forge
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open strong and we can witness NSE Nifty challenging major resistance to cross 17450 during the trade. US and European markets closed strong on Monday and Asian stocks were trading firm this morning. As Indian markets registered strong gain during yesterday’s session, the momentum is likely to continue. However, we could also see selling at higher levels so partial profit booking won’t be a bad idea for short term traders. For NSE Nifty, 17480 is a major resistance and a close above this level could lead to uptrend.
Thakkar has suggested BUY Call for private banking major ICICI Bank for a target of Rs 909 with a stop loss at Rs 877. Thakkar has suggested BUY Call for PSU banking counter Bank of Baroda for a target of Rs 142 with a stop loss at Rs 134.
Thakkar has suggested BUY Call for BHEL for a target of Rs 68-69 with a stop loss at Rs 61. Thakkar has suggested BUY Call for Bharat Forge for a target of Rs 800 with a stop loss at Rs 760.
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.