Mitesh Thakkar: BUY GNFC, Ambuja Cement; SELL HPCL and Coal India
Market expert Mitesh Thakkar has suggested two BUY calls and two SELL calls for today’s trading session. Indian markets are expected to open slightly lower and we could see lackluster trading session. Indian markets have witnessed a strong rally over last two weeks and NSE Nifty is currently trading at four month high.
As per Thakkar, traders can Buy Ambuja Cement with a stop loss of Rs 197, target at Rs 211. Traders can Buy GNFC with a stop loss of Rs 165, target at Rs 182, as per Thakkar.
Thakkar has suggested SELL call for Coal India. Traders can Sell Coal India with a stop loss of Rs 133, target at Rs 122. Other stock from PSU energy sector on Thakkar’s radar for the day is HPCL. Traders can Sell HPCL with a stop loss of Rs 211, target at Rs 195.
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.