Mitesh Thakkar: BUY Federal Bank, Canara Bank, Hindustan Aeronautics and Havells
Market expert Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trading session. Indian markets are expected to open positive today and we can see momentum in select stocks. As companies announce their quarterly results, the market direction will mainly depend on the numbers announced by industry leaders. Technology sector leader Infosys is expected to announce its quarterly numbers. US markets registered small decline on Tuesday and Asian markets were trading mixed this morning.
Thakkar has suggested BUY Calls for two banking counters. Traders can BUY PSU banking counter Canara Bank for a target of Rs 198 with a stop loss at Rs 182, as per Thakkar. Federal Bank is looking strong at current levels. Traders can initiate a BUY trade for Federal Bank for a target of Rs 92 with a stop loss at Rs 87, as per Thakkar.
Thakkar has suggested BUY Call for Hindustan Aeronautics for a target of Rs 1,460 with a stop loss at Rs 1,367. Traders can initiate a BUY Trade for Havells for a target of Rs 1,465 with a stop loss at Rs 1,400, 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.