Mitesh Thakkar: BUY HDFC Bank, Reliance, Bata India; SELL M&M Financial Services
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly lower or flat today. Due to absence of any major triggers, markets could see range-bound trade today. Markets have been trading near their all-time highs for the last few weeks. US markets closed positive last week.
Thakkar has suggested BUY Call for private banking major HDFC Bank for a taget price of Rs 1,555 with a stop loss at Rs 1,514. Traders can BUY Reliance Industries for a target price of Rs 2,185 with a stop loss at Rs 2,127, as per Thakkar. The stock is looking strong on the charts.
Thakkar has suggested BUY Call for Bata India for a target price of Rs 1,740 with a stop loss at Rs 1,690.
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.