Mitesh Thakkar: BUY Reliance, Bank of Baroda, Indian Oil; SELL Nestle
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s session. Indian markets have been trading strong over the last few trading sessions. While market players are expecting correction as markets have witnessed a strong rally, the market hasn’t shown any signs of weakness. Indian markets are expected to open strong today but we can expect selling pressure at higher levels.
Reliance Industries has been trading low and this counter hasn’t participated in the recent stock rally. Thakkar has suggested BUY Call for Reliance as the stock could witness a strong move. Traders can BUY Reliance Industries with a stop loss of Rs 1,938, target at Rs 1,995, as per Thakkar.
Thakkar has suggested BUY Call for PSU banking major Bank of Baroda with a stop loss of Rs 67.5, target at Rs 78. Indian Oil is another PSU on Thakkar’s radar for the trading session. Traders can BUY IOC with a stop loss of Rs 96, target at Rs 103.
Thakkar has suggested SELL Call for FMCG major Nestle with a stop loss of Rs 18,150, target at Rs 17,700.
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.