Market expert Jay Thakkar from Sharekhan brokerage has suggested one BUY Call and one SELL Call for today’s trading session. Indian markets were 0.2 percent lower during the afternoon session. Bank of England will be announcing interest rates shortly and FTSE is currently trading 1.2 percent lower. European stocks have opened lower this morning. US Futures trends will guide the closing levels for Indian markets.

Thakkar has suggested SELL Call for metal counter Hindalco Industries for a target of Rs 405 with a stop loss at Rs 427.

Thakkar has suggested short term BUY Call for industrial and farm equipment tyre manufacturer Balkrishna Industries for a target of Rs 2,600 with a stop loss at Rs 2,420. The stock is looking strong on the charts and can offer decent returns in short term.

All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.