Mitesh Thakkar: BUY Federal Bank, HCL Technologies, Cholamandalam Investment and Shriram Transport
Market expert Mitesh Thakkar has suggested four BUY Calls for today’s session and no SELL calls, suggesting a bullish outlook for Indian markets. Markets have witnessed strength over the last few weeks and majority of stocks have participated in the recent rally. NSE Nifty is just 200 points shy of 11,000 mark and the recovery in Indian markets has surprised many market players. US stocks closed negative on Tuesday and Asian markets are trading mixed this morning.
Thakkar has suggested BUY Call for technology major HCL Technologies. This stock has been recommended as BUY call for today by Sudarshan Sukhani as well. Traders can Buy HCL Tech with a stop loss of Rs 579, target at Rs 620. Other stock on Thakkar’s buying list for the day is Shriram Transport. Traders can Buy Shriram Transport with a stop loss of Rs 710, target at Rs 754.
Thakkar has also suggested BUY Call for Cholamandalam Investment with a stop loss of Rs 209, target at Rs 222. In private banking space, Thakkar is betting on Federal Bank for today’s trading session. Traders can Buy Federal Bank with a stop loss of Rs 54.5, target at Rs 59.
All trades should be conducted with strict Stop Loss in order to avoid any major loss in case the markets don’t perform as expected. TopNews will review trading call performance by the end of the trading session.