Mitesh Thakkar: BUY Shriram Transport, Bharti Airtel, Tata Steel; SELL TCS
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today as global market sentiment has turned positive. The correction in stocks last week, has been short-lived. US and European markets closed positive on Friday. The positive sentiment has been seen in Asian stocks today.
Thakkar has suggested BUY Call for telecom major Bharti Airtel with a stop loss of Rs 529.5, target at Rs 550. Traders can initiate a BUY Trade for Shriram Transport with a stop loss of Rs 1,439, target at Rs 1,495, as per Thakkar.
Thakkar has suggested BUY Call for steel major Tata Steel with a stop loss of Rs 1,224, target at Rs 1,275.
Thakkar has suggested SELL Call for technology major TCS with a stop loss of Rs 3,251, target at Rs 3,160. Technology stocks have been favorites of investors over the last few months. However, some stocks have become overvalued.
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.