Mitesh Thakkar: BUY Bharat Forge, Apollo Tyres, HDFC AMC and IDFC First Bank
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trade, suggesting a bullish outlook for Indian markets. Global market trends are muted as Asian stocks were trading mixed and US markets closed almost flat yesterday. However, momentum is likely to continue in Indian markets and we can expect markets to remain positive today. NSE Nifty and BSE Sensex can touch a fresh all-time high in today’s trade.
Thakkar has suggested BUY Call for Apollo Tyres with a stop loss of Rs 225, target at Rs 240. Traders can initiate a BUY Trade for Bharat Forge with a stop loss of Rs 686, target at Rs 740, as per Thakkar.
HDFC AMC is another stock on Thakkar’s radar for the trading session. Thakkar has suggested BUY Call for HDFC AMC with a stop loss of Rs 2,975, target at Rs 3,100. Traders can initiate BUY Trade for IDFC First Bank with a stop loss of Rs 59.5, target at Rs 64, 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.