Mitesh Thakkar: BUY Canara Bank, Mindtree; SELL Hindustan Unilever and Apollo Hospitals
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today but we can expect selling pressure at higher levels. The markets are trading near their all-time highs for major indices and some markets players can consider profit booking for some stocks at such levels. Indian markets sentiment is positive and outlook for the week is positive.
Thakkar has suggested BUY Call for PSU banking major Canara Bank with a stop loss of Rs 155, target at Rs 172. Traders can initiate a BUY Trade for software major Mindtree with a stop loss of Rs 2,304, target at Rs 2,465, as per Thakkar. The stock is on buying list of market analyst Sudarshan Sukhani as well.
Traders can SELL FMCG major Hindustan Unilever with a stop loss of Rs 2,347, target at Rs 2,270, as per Thakkar.
Thakkar has suggested SELL Trade for Apollo Hospitals with a stop loss of Rs 3,180, target at Rs 3,090. The stock has been on buying list of market experts for the last few months and it seems overvalued at the moment.
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.