Mitesh Thakkar: BUY HDFC Life, Bharti Airtel, Tata Power; SELL Hindalco
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 today and we can expect selling pressure in many counters. Markets have witnessed a strong rally over the last few weeks and some market participants are looking forward to a small correction in stocks. The global market trends have been mixed over the last few trading sessions.
Thakkar has suggested BUY Call for telecom services operator Bharti Airtel with a stop loss of Rs 537.5, target at Rs 565. Traders can initiate a BUY Trade for HDFC Life with a stop loss of Rs 680, target at Rs 710, as per Thakkar.
Thakkar has suggested BUY Call for Tata Power with a stop loss of Rs 112.9, target at Rs 124.
Thakkar has suggested SELL Call for metal counter Hindalco. Traders can SELL Hindalco with a stop loss of Rs 394.5, target at Rs 375, 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.