Mitesh Thakkar: BUY HDFC Bank, Walchandnagar Industries, M&M Finance and BalKrishna Industries
Market analyst Mitesh Thakkar has suggested four BUY calls and no SELL call for today’s trade, suggesting a bullish sentiment for Indian stock markets today. Indian markets can open positive today but we could see selling pressure at higher level. US markets closed nearly 2 percent higher on Tuesday. Indian markets have been trading strong for the last few trading sessions and NSE Nifty should close above 10,350 level for the next major upside move in the markets.
For agriculture equipment and commercial tyres maker BalKrishna Industries, Thakkar has suggested a BUY call today. Traders can Buy Balkrishna Industries with a stop loss of Rs 1,179, target at Rs 1,245. Other stock on Thakkar’s radar for the trading session is private banking major HDFC Bank. Thakkar suggests traders to BUY HDFC Bank with a stop loss of Rs 970, target at Rs 1,035.
Traders can initiate a BUY call in M&M Finance with a stop loss of Rs 163, target at Rs 179 as per Thakkar. Other stock on Thakkar’s buying list for the day is Walchandnagar Industries. Traders can BUY Walchandnagar Industries with a stop loss of Rs 43, target at Rs 54 as per Thakkar.
Indian markets are expected to close slightly positive today. TopNews will track performance of trading calls by the end of the trading session.