Mitesh Thakkar: BUY GAIL, BHEL, Hero MotoCorp and IndusInd Bank
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trade, indicating a positive outlook for Indian markets. US and European markets closed negative on Tuesday and Asian markets were trading lower this morning. Indian markets are expected to open flat and we can expect selling pressure during the trading session. Indian markets have been hovering around their all-time highs and many market players are waiting for a correction in the markets.
Among automobile stocks, Hero MotoCorp is on Thakkar’s radar for the trading session. Traders can BUY Hero MotoCorp for a target of Rs 2,920 with a stop loss at Rs 2,826. Thakkar has suggested BUY Call for private banking major IndusInd Bank above Rs 1,041 for a target of Rs 1,085 with a stop loss at Rs 1,020.
Thakkar has suggested BUY Call for energy counter BHEL for a target of Rs 61 with a stop loss at Rs 56.3. Traders can initiate a BUY Trade in PSU energy major GAIL around Rs 154.5 for a target of Rs 164 with a stop loss at Rs 151, 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.