Mitesh Thakkar: BUY NALCO, Colgate Palmolive; SELL Tech Mahindra and TVS 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 slightly negative today and we can expect lackluster trading session. US markets closed mixed and Asian stocks have been trading negative this morning. Markets are looking for next major trigger for movement in either direction. Market participants are expecting a correction as there has been a sustained rally during the last few weeks.
Thakkar has suggested BUY Call for FMCG counter Colgate Palmolive with a stop loss of Rs 1,708, target at Rs 1,760. Thakkar has suggested BUY Call for PSU metal counter NALCO with a stop loss of Rs 81.5, target at Rs 90.
Thakkar has suggested SELL Trade for technology major Tech Mahindra with a stop loss of Rs 1,058, target at Rs 1,020. Traders can SELL automobile major TVS Motors with a stop loss of Rs 611, target at Rs 590, 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.