Mitesh Thakkar: BUY HDFC Bank, NTPC; SELL Glenmark Pharma and Navin Fluorine
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we can see selling pressure at higher levels. Market participants are waiting for a healthy correction in the market that has been missing for the past few months. Indian markets are currently hovering around their all-time highs.
Thakkar has suggested BUY Call for private banking major HDFC Bank around Rs 1,575 for a target of Rs 1,615 with a stop loss at Rs 1,559. Traders can initiate a BUY trade for PSU energy counter NTPC around Rs 122 for a target of Rs 129 with a stop loss below Rs 119, as per Thakkar.
Thakkar has suggested SELL Call for Navin Fluorine International for a target of Rs 3,750 with a stop loss at Rs 3,910. Glenmark Pharmaceuticals is on selling list of Mitesh Thakkar and Sudarshan Sukhani. Traders can SELL Glenmark for a target of Rs 500 with a stop loss at Rs 529, 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.