Mitesh Thakkar: BUY Infosys, BEL; SELL IRCTC and Eicher Motors
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today and we can expect markets to close strong. Yesterday’s trading session witnessed sharp selling in many counters and a bouceback by 100 points in NSE Nifty is easily possible during the early session.
Thakkar has suggested BUY Call for BEL with a stop loss of Rs 126.5, target at Rs 139. Technology stocks are currently trading strong and majority of blue-chip technology stocks are looking strong on the technical charts. Traders can Buy Infosys with a stop loss of Rs 1,390, target at Rs 1,450, as per Thakkar.
Thakkar has suggested SELL Call for Eicher Motors with a stop loss of Rs 2,551, targets at Rs 2,450. Traders can initiate a SELL Trade for IRCTC with a stop loss of Rs 1,742, target at Rs 1,620, 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.