Mitesh Thakkar: BUY Exide Industries and Colgate Palmolive; SELL Reliance and Canara Bank
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly lower in today’s trade after registering impressive gains over the last few trading sessions. Indian markets have touched all-time high for BSE Sensex and NSE Nifty this week and investors are upbeat about many blue-chip and mid-cap stocks.
Thakkar has suggested BUY Trade for FMCG major Colgate Palmolive around Rs 1,515 with a stop loss of Rs 1498, target at Rs 1,550. Trader can initiate a BUY trade for batteries manufacturer Exide Industries around Rs 168.5 with a stop loss of Rs 165.7, target at Rs 174, as per Thakkar.
Thakkar has suggested SELL Call for Reliance Industries with a stop loss of Rs 2,010, target at Rs 1,900. Other stock on Thakkar’s selling list for the day is PSU Banking major Canara Bank. Traders can Sell Canara Bank with a stop loss of Rs 93, target at Rs 89, 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.