Mitesh Thakkar: BUY ICICI Bank, HDFC, Jindal Steel and PNB
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trading session. Indian markets are expected to open strong today and we can witness a new all-time high for the markets. US and European markets closed positive on Friday. Indian markets will also get support from positive quarterly results this month.
Thakkar has suggested BUY Call for financial services major HDFC for a target of Rs 2,865 with a stop loss at Rs 2,790.
Among banking counters, Thakkar has suggested two BUY Calls. Traders can initiate a BUY Trade for private banking major ICICI Bank for a target of Rs 750 with a stop loss at Rs 718. Traders can BUY PSU banking major Punjab National Bank for a target of Rs 44.50 with a stop loss at Rs 41.50, as per Thakkar.
Thakkar has suggested BUY Call for Jindal Steel for a target of Rs 470 with a stop loss at Rs 435.
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.