Mitesh Thakkar: BUY Kotak Mahindra Bank, HDFC AMC, Coal India; SELL Apollo Tyres
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we can expect selling pressure in the markets. Global trends have turned negative and US markets closed lower in yesterday’s trade. Asian markets were trading lower this morning.
Thakkar has suggested BUY Call for private banking major Kotak Mahindra Bank for a target price of Rs 1,860 with a stop loss at Rs 1,794. Traders can BUY HDFC AMC for a target price of Rs 3,400 with a stop loss at Rs 3,200, as per Thakkar. The stock is looking strong on technical charts and we can expect a smart move.
Thakkar has suggested BUY Call for PSU energy major Coal India for a target price of Rs 155 with a stop loss at Rs 146.
Thakkar has suggested SELL Trade for Apollo Tyres for a target price of Rs 206 with a stop loss of Rs 218. The stock is looking weak on the charts.
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.