Mitesh Thakkar: BUY ICICI Lombard, Axis Bank, Dr Reddy’s; SELL HCL Technologies
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets witnessed a strong performance yesterday but the markets retracted from day’s highs during the afternoon session. If NSE Nifty manages to cross 14,600, we can expect markets to show further strength. US markets closed mixed on Monday.
Thakkar has suggested BUY Call for private banking major Axis Bank with a stop loss of Rs 688, target at Rs 725. Traders can initiate a BUY trade for pharmaceutical major Dr Reddy's Laboratories with a stop loss of Rs 5,000, target at Rs 5,200, as per Thakkar.
HCL Technologies declared its quarterly results recently and the stock is looking weak on the charts. Thakkar has suggested SELL Trade for HCL Technologies with a stop loss of Rs 940, target at Rs 908.
Traders can BUY ICICI Lombard General Insurance Co with a stop loss of Rs 1,420, target at Rs 1,525, 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.