Mitesh Thakkar: BUY NTPC, PowerGrid; SELL Shree Cement and Britannia
Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets have been trading firm over the last few trading sessions but today we could see decline as global markets turned weak. US markets closed negative yesterday after Dow Jones crossed 35,000 level for the first time. Nasdaq also closed down as technology stocks witnessed selling pressure.
Thakkar has suggested BUY Call for power PSU NTPC with a stop loss of Rs 105.25, target at Rs 113. Thakkar has suggested BUY Trade for Powergrid with a stop loss of Rs 216, target at Rs 227.
Thakkar has suggested SELL Call for FMCG major Britannia with a stop loss of Rs 3,440, target at Rs 3,325. Traders can SELL cement major Shree Cement with a stop loss of Rs 27,600, target at Rs 26,650, 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.