Mitesh Thakkar: BUY Hindalco, SBI life, Tata Power and Deepak Nitrite
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a positive sentiment for Indian markets. US markets closed positive last week and Indian markets touched all-time high for major indices. The sentiment in the markets is positive and we can expect markets to open strong today. While there is a possibility of selling pressure at higher levels, the undertone of the markets is bullish.
Thakkar has suggested BUY Call for Deepak Nitrite for a target of Rs 2,200 with a stop loss at Rs 2,100. Other stock on Thakkar’s radar is metal counter Hindalco. Traders can BUY Hindalco for a target of Rs 452 with a stop loss at Rs 432, as per Thakkar.
Thakkar has suggested BUY Call for SBI Life for a target of Rs 1,225 with a stop loss at Rs 1,164. Traders can BUY private power sector major Tata Power for a target of Rs 133 with a stop loss at Rs 125, 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.