Mitesh Thakkar: BUY HDFC Bank, Federal Bank, Jubilant FoodWorks; SELL Eicher Motors
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today and we can see some buying in select stocks. Markets have been trading strong over the last few sessions and NSE Nifty is hovering around its all-time high. Many market participants are expecting a correction in select stocks as many stocks are trading at high valuations.
Thakkar has suggested BUY Trade for two private banks and we can expect private sector banks to lead the trade today. Traders can BUY Federal Bank with a stop loss of Rs 84, target at Rs 88.5. Thakkar has suggested BUY Trade for HDFC Bank with a stop loss of Rs 1,604, target at Rs 1,645.
Domino’s pizza main franchisee for India is also on Thakkar’s buying list for the day. Traders can BUY Jubilant FoodWorks with a stop loss of Rs 2,840, target at Rs 2,930, as per Thakkar.
Thakkar has suggested SELL Trade for Eicher Motors with a stop loss of Rs 2,810, target at Rs 2,700 as the stock is looking weak on the charts.
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.