Mitesh Thakkar: BUY HDFC Bank, Mindtree, State Bank of India and Cholamandalam Finance
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trading session. Indian markets are expected to trade strong today but we can expect selling pressure at higher levels. Markets have been gaining momentum in the recent trading sessions and traders have gained confidence. However, the number of COVID-19 cases and trouble in handling them could lead to further lockdowns.
Thakkar has suggested BUY Call for financial services major Cholamandalam Finance with a stop loss of Rs 576, target at Rs 600. Private banking major HDFC Bank is looking strong on the charts. Traders can BUY HDFC Bank with a stop loss of Rs 1,464, target at Rs 1,515, as per Thakkar.
Thakkar has suggested BUY trade for technology services company Mindtree with a stop loss of Rs 2,099, target at Rs 2,195.
Public sector banking major State Bank of India is on Thakkar’s buying list for the day. Traders can BUY State Bank of India with a stop loss of Rs 357, target at Rs 378, as per Thakkar.
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.