Mitesh Thakkar: BUY Mindtree, Bajaj Auto and Tata Chemicals; SELL Bajaj Finserv
Market analyst Mitesh Thakkar has three BUY Calls and One SELL call for today’s trading session. Indian markets are expected to positive today but the markets would remain in a narrow range as per market experts. The rebound in markets seems like losing steam as NSE Nifty approaches 9,300 levels as we could see selling pressure at higher levels.
Mitesh Thakkar has suggested traders to Sell Bajaj Finserv with a stop loss of Rs 4,525, target at Rs 4,100. Bajaj Finance and Bajaj Finserv have witnessed declines over the last few trading sessions. As the stocks have touched 52-week lows in recent sessions, important support levels have been breached.
Another stock from Bajaj group on Thakkar’s buy list is Bajaj Auto. Traders can initiate a Buy trade in Bajaj Auto with a stop loss of Rs 2,414, target at Rs 2,525.
Thakkar has also suggested BUY for technology company Mindtree with a stop loss of Rs 764, target at Rs 825. Other stock in Thakkar’s buying list for the day is Tata Chemicals. Traders can initiate a Buy trade in Tata Chemicals with a stop loss of Rs 265, target at Rs 280.
As markets are volatile, strict stop loss should be kept for all the trades. In case the stock doesn’t perform as per the recommendations, it is always a good idea to exit the position to minimize the loss.