SELL Adani Ports, UPL, Bharat Forge and Vodafone Idea: Mitesh Thakkar
Market analysts Mitesh Thakkar suggests SELL calls for today’s trading session. Indian market have continued the slide from last week’s panic selling with BSE Sensex down by nearly 1800 points. The massive downslide in the markets in the recent trading days has offered opportunity for risky trades, offering higher returns at high risk.
As per Mitesh Thakkar, traders can SELL Adani Ports with a stop loss of Rs 300.5 for target of Rs 275. Traders should keep strict stop loss market direction can vary depending on global trends and news flow about coronavirus.
Mitesh Thakkar also suggests SELL for Bharat Forge with a stop loss of Rs 386 for target of Rs 360. Global markets are still in turmoil and oil price decline has led to additional confusion among investors. Gold prices have firmed up as stock markets have declined all over the world. USD has also firmed up against rest of the currencies.
For UPL, Thakkar has suggested SELL call. Thakkar suggests traders can take a call with UPL with a stop loss of Rs 417 for target of Rs 390.
Thakkar also suggests SELL for Vodafone Idea around Rs 5.20-5.00 with stop loss of Rs 4.5 for target of Rs 6.5.