Mitesh Thakkar: BUY Concor, BEL, Exide; SELL Bharti Infratel

Mitesh Thakkar: BUY Concor, BEL, Exide; SELL Bharti Infratel

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL call for today’s trading session. Indian market is expected to open strong on Monday as the momentum from last week could continue. The bulls are in charge but we need to cross 11,000 level for NSE Nifty decisively for markets to move further. The quarterly results declared so far have positively surprised the markets and we can expect stock-specific action in coming weeks. IT companies have declared strong performance during COVID-19 lockdowns and many of the stocks have touched 52-week high, led by Infosys, Tech Mahindra, HCL Technologies and TCS.

Thakkar has suggested BUY Call for BEL with a stop loss of Rs 96.5, target at Rs 104. Other stock on Thakkar’s radar for the day is Container Corporation of India. Traders can BUY Concor with a stop loss of Rs 437.5, target at Rs 470, as per Thakkar.

Thakkar has also suggested BUY Call for batteries maker Exide Industries. Traders can BUY Exide with a stop loss of Rs 156, target at Rs 165, as per Thakkar.

Thakkar has only one SELL call for the day, for telecom infrastructure company Bharti Infratel. Traders can Sell Bharti Infratel with a stop loss of Rs 202, target at Rs 190.

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.

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