Mitesh Thakkar: BUY HDFC Bank, Britannia Industries, ICICI Bank; SELL ConCor
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian stocks are expected to open positive today and we can expect NSE Nifty to touch an all-time high during the session. If NSE Nifty manages to trade above 16,700 during the session, the investor optimism could take it further towards 16,900 in upcoming days. US markets closed positive and the mood in global markets is strong.
Thakkar has suggested BUY Call for FMCG major Britannia Industries for a target price of Rs 3,870 with a stop loss of Rs 3,790.
Thakkar has two private banking majors on his BUYING list for the trading session. Traders can initiate BUY trade in HDFC Bank for a target of Rs 1,595 with a stop loss of Rs 1,544, as per Thakkar. ICICI Bank is also looking strong on the charts. Thakkar has suggested BUY Call for ICICI Bank for a target of Rs 715 with a stop loss of Rs 684.
Thakkar has suggested SELL Trade for Container Corporation below Rs 644 for a target of Rs 625 with a stop loss of Rs 654.
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.