Mitesh Thakkar: BUY Indian Oil, Bharat Electronics; SELL HDFC Bank and M&M Financial Services
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today as the trend in global markets has turned negative. US and European stocks witnessed a sharp correction yesterday and stocks could see more selling pressure today. Indian markets are expected to trade lower today and we can expect stock specific action.
Thakkar has suggested BUY Call for Bharat Electronics with a stop loss of Rs 183.9, target at Rs 192. Traders can BUY PSU energy major Indian Oil Corporation with a stop loss of Rs 103, target at Rs 111.
Thakkar has suggested SELL Trade for private banking major HDFC Bank with a stop loss of Rs 1,486, target at Rs 1,445. Traders can SELL M&M Finance Services with a stop loss of Rs 160, target at Rs 150, 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.