Mitesh Thakkar: BUY Havells India; SELL Eicher Motors, Bandhan Bank, Tata Consumer
Market analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open lower and we can expect selling pressure during the trading session. US and European markets closed negative on Friday and the trend in global markets has turned negative. Asian markets were trading lower today.
Thakkar has suggested BUY Call for Havells with a stop loss of Rs 1,059, target at Rs 1,110. The stock is looking strong on the charts. However, if the overall markets turns bearish, this stock could also see a decline.
Thakkar has suggested SELL Call for medium size private banking counter Bandhan Bank with a stop loss of Rs 314.5, target at Rs 296. Traders can initiate a SELL Trade for automobile major Eicher Motors with a stop loss of Rs 2,645, target at Rs 2,550, as per Thakkar.
Thakkar has suggested SELL trade for Tata Consumer with a stop loss of Rs 771, target at Rs 745.
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.