Mitesh Thakkar: BUY Bajaj Auto, Escorts, Coal India; SELL Tata Chemicals
Market expert Mitesh Thakkar has suggested three BUY Calls and one SELL call for today’s trading session. Indian markets have been trading strong for the last few trading sessions and many stocks have touched 52-week highs in recent weeks. As momentum continues, markets are trading strong but we have witnessed selling pressure at higher levels. US markets closed low on Monday while Asian stocks have been trading mixed today. We can expect Indian markets to close positive today.
Traders can BUY automobile major Bajaj Auto with a stop loss of Rs 3,080, target at Rs 3,200, as per Thakkar. Bajaj Auto has also been suggested by Ashwani Gujral for today’s trading session. Other stock from automobile sector on Thakkar’s radar for the day is Escorts India. Traders can BUY Escorts with a stop loss of Rs 1,140, target at Rs 1,185 as per Thakkar.
Traders can BUY Coal India with a stop loss of Rs 133, target at Rs 144, as per Thakkar.
Thakkar has suggested SELL Call for Tata Chemicals with a stop loss of Rs 298, target at Rs 280.
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.