Mitesh Thakkar: BUY ABB, Axis Bank, Federal Bank; SELL Hero MotoCorp
Technical analyst Mitesh Thakkar has suggested three BUY Calls and one SELL call for today’s trading session. Indian markets are expected to open flat on Thursday and we could see many trading options as the markets would remain range-bound. Asian stocks are trading mixed on Thursday and Dow Jones closed nearly 0.6% higher on Wednesday.
Thakkar has suggested Buy Call for two private banks for today’s session. Traders can initiate a BUY trade in Axis Bank with a stop loss of Rs 469, target at Rs 498. Gujral has also suggested Buy Call for Federal Bank with a stop loss of Rs 55, target at Rs 60.
Gujral has suggested Buy Call for engineering major ABB with a stop loss of Rs 912, target at Rs 955.
On the selling side, Gujral has Hero MotoCorp on his radar for the trading session. Traders can Sell Hero Moto with a stop loss of Rs 2,811, target at Rs 2,710.
All trades should be carried out with strict Stop Loss. TopNews will review performance of trading calls by the end of the trading session.