Mitesh Thakkar: BUY SBI Life, Coforge Limited, Bandhan Bank; SELL Exide Industries
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets have been trading mixed last week but we can expect this week to start on a strong note. BSE Sensex could cross 40,000 levels decisively in today’s trade and a close above this level, could give markets further strength. Dow Jones closed positive on Friday and Asian markets have been trading mixed this morning.
Thakkar has suggested BUY Call for private sector bank Bandhan Bank. Traders can initiate a BUY Trade in Bandhan Bank with a stop loss of Rs 306.50, target at Rs 323. Other stock on Thakkar’s buying list for the day is SBI Life. Thakkar has suggested Buy trade for SBI Life with a stop loss of Rs 850, target at Rs 900.
Thakkar has suggested Coforge Limited as the stock is looking strong on the charts. Traders can BUY Coforge Limited with a stop loss of Rs 2,040, target at Rs 2,200.
Thakkar has suggested SELL Call for Exide Industries with a stop loss of Rs 158.50, target at Rs 150.
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.