Mitesh Thakkar: BUY Havells, Eicher Motors, HDFC Bank and Indian Oil
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets witnessed strong rally over the last two trading sessions and US markets closed negative on Tuesday. Traders can expect volatility in the markets today with negative bias. NSE Nifty could see resistance at higher levels and we can expect selling during the trading session.
Thakkar has suggested BUY Call for automobile major Eicher Motors with a stop loss of Rs 2,520, target at Rs 2,635. Traders can BUY Havells India with a stop loss of Rs 1,040, target at Rs 1,100, as per Thakkar.
Thakkar has suggested BUY Trade for private banking major HDFC Bank with a stop loss of Rs 1,459, target at Rs 1,510. Among PSU stocks, oil major Indian Oil Corporation is on Thakkar’s radar for the trading session. Traders can BUY IOC with a stop loss of Rs 102.7, target at Rs 112.
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.