Mitesh Thakkar: BUY ICICI Lombard, ACC; SELL Coal India and BEL
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open weak today as global market sentiment has turned bearish. US markets closed slightly lower on Thursday but Asian stocks have been trading low this morning. The weakness in Asian stocks would lead to selling pressure in Indian equities as well.
Thakkar has suggested BUY Call for cement major ACC around Rs 2,335-2,325 for a target price of Rs 2,410 with a stop loss at Rs 2,304. Thakkar has suggested BUY Trade for ICICI Lombard GI around Rs 1,470-1,465 for a target price of Rs 1,510 with a stop loss at Rs 1,448.
Thakkar has suggested SELL Trade for BEL for a target price of Rs 165 with a stop loss at Rs 176. Traders can SELL PSU energy major Coal India for a target of Rs 133 with a stop loss at Rs 140.6, 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.