Mitesh Thakkar: BUY Bata India, Escorts; SELL IndiaBulls Housing and Bajaj Auto
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open weak on Friday and we could see selling pressure among all sectors. Markets have witnessed a strong rally over the last few months and majority of market experts believe that markets are in overbought territory.
Thakkar has suggested BUY Call for Bata with a stop loss of Rs 1,344, target at Rs 1,395. Traders can initiate a BUY trade in automobile major Escorts with a stop loss of Rs 1,190, target at Rs 1,255, as per Thakkar. Escorts India has reached a strong period on technical charts.
Thakkar has suggested SELL Call for automobile major Bajaj Auto with a stop loss of Rs 2,926, target at Rs 2,820. Other stock on Thakkar’s selling list for the day is IndiaBulls Housing. Traders can SELL Indiabulls Housing with a stop loss of Rs 203.5, target at Rs 187, as per Thakkar.
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.