Mitesh Thakkar: BUY BalKrishna Industries, Amara Raja Batteries; SELL Reliance Industries and Mahanagar Gas
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open slightly negative today. We can expect stock specific action as many companies will be declaring quarterly results. So far, quarterly results announced by majority of companies are better than expectations and markets have remained firm as many Indian companies have outperformed expectations.
On the buying list of Mitesh Thakkar are BalKrishna Industries and Amara Raja Batteries for today’s session. Traders can initiate a BUY trade in Amara Raja Batteries with a stop loss of Rs 704, target at Rs 745. Traders can Buy tires maker Balkrishna Industries with a stop loss of Rs 1,300, target at Rs 1,370.
Reliance has been in focus for the last few weeks as the company has sold stake in Jio Platforms. Traders can Sell Reliance Industries with a stop loss of Rs 2,092, target at Rs 2,020. Other stock on Thakkar’s selling list for the day is energy company Mahanagar Gas. Traders can Sell Mahanagar Gas with a stop loss of Rs 987, target at Rs 945.
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.