Jay Thakkar: BUY Metropolis and REC
Market expert Jay Thakkar from ShareKhan has suggested two BUY Calls and no SELL Call for today’s trading session. Indian markets are trading firm today as Reliance Industries has been supporting the markets with 4 percent gains. NSE Nifty was up by nearly 70 points but the trading session is volatile. European markets have opened flat today.
Thakkar has suggested BUY Call for Metropolis at current price with target level of Rs 1500 and Stop Loss at Rs 1430. The stock can even touch Rs 1520 if markets remain positive, as per Thakkar.
Thakkar has suggested BUY Call for PSU energy major REC at current levels for target of Rs 175 with Stop Loss at Rs 163. The stock is looking strong on technical charts and has recently given a positive breakout.
Markets breadth today is negative but heavyweight Reliance Industries has been supporting the indices. Reliance has nearly 80 points support to NSE Nifty today.
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.