Mitesh Thakkar: BUY Siemens, Bajaj Auto; SELL Amara Raja, RBL Bank
Market expert Mitesh Thakkar has suggested two BUY calls and two SELL calls for today’s trade. Indian markets could trade in a narrow range today and we could see stock specific action. Infosys and Reliance have announced results and Infosys touched 52-week high after results. Reliance is under pressure even as Mukesh Ambani has presented a very strong outlook for the company. Reliance would need some time to consolidate and we could see further strong movement in the stock.
Thakkar has suggested BUY Call for automobile major Bajaj Auto with a stop loss of Rs 2,929, target at Rs 3,030. Other stock on Thakkar’s radar for the trading session is engineering firm Siemens India. Traders can BUY Siemens with a stop loss of Rs 1,140, target at Rs 1,190.
Thakkar has suggested SELL call for Amara Raja with a stop loss of Rs 691, target at Rs 660. Traders can initiate a SELL trade in RBL Bank with a stop loss of Rs 167.5, target at Rs 155, as per Thakkar.
Trades should be carried out with strict Stop Loss. Markets are highly volatile and if the trade doesn’t go as planned, Stop Loss is a good strategy to minimize loss in trading.