Mitesh Thakkar: BUY Escorts India, SBI; SELL Page Industries and HDFC
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open slightly negative today and we could see selling pressure at higher levels. Indian markets have been consolidating over the last few trading sessions and looking for direction from some fresh triggers.
Thakkar has suggested BUY Call for automobile major Escorts with a stop loss of Rs 1,170, target at Rs 1,210. Thakkar has suggested Buy Call for PSU banking major SBI with a stop loss of Rs 203, target at Rs 213.
Traders can initiate SELL trade for finance major HDFC with a stop loss of Rs 1,805, target at Rs 1,740. Thakkar has suggested Sell Call for Page Industries with a stop loss of Rs 18,850, target at Rs 17,800.
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.