Mitesh Thakkar: BUY Kotak Mahindra Bank, HDFC, Ashok Leyland; SELL Apollo Hospitals
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly positive today. Markets are holding strong while some market participants are concerned about high valuations of stocks. Global markets remained mixed on Monday and Indian markets could touch another all-time high in today’s trading session. The bullish trend is expected to continue but we can also expect higher volatility.
Thakkar has suggested BUY Call for financial services major HDFC for a target price of Rs 2,700 with a stop loss below Rs 2,590. Thakkar has suggested BUY Trade for private banking major Kotak Mahindra Bank for a target of Rs 1,825 with a stop loss below Rs 1,760. The stock is looking strong on the charts.
Commercial automobile major Ashok Leyland is on Thakkar’s radar for the session. Traders can BUY Ashok Leyland around Rs 130 for a target of Rs 138 with a stop loss at Rs 126.5, as per Thakkar.
Thakkar has suggested SELL Trade for Apollo Hospitals for a target of Rs 3,920 with a stop loss at Rs 4,046.
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.