Mitesh Thakkar: Buy CONCOR, Coal India; SELL Biocon and Adani Enterprises
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today after assembly election results for five states were announced yesterday. However, we can expect recovery in the markets during the afternoon session. Markets have been trading lower during the last couple of sessions and we can expect consolidation at lower levels. NSE Nifty can get support from lower levels and immediate resistance is in range of 14550-14600.
Thakkar has suggested BUY Trade for PSU energy major Coal India with a stop loss of Rs 129.5, target at Rs 140. Traders can initiate a BUY trade for Container Corporation around 582- 580 with a stop loss of Rs 570, target at Rs 609, as per Thakkar.
Thakkar has suggested SELL Trade for Adani Enterprises with a stop loss of Rs 1,174, target at Rs 1,115. The stock is looking weak on the charts. Traders can SELL pharmaceutical major Biocon with a stop loss of Rs 386, target at Rs 364, 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.