Mitesh Thakkar: BUY Tata Consumer, BPCL; SELL Jindal Steel and Federal Bank
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat and we can expect selling pressure at higher levels. Investors are waiting for comments from US Federal Reserve and this has led to range-bound movement in global markets this week. Indian markets are expected to trade in a small range today but we can expect volatility.
Thakkar has suggested SELL Call for private banking counter Federal Bank for a target price of Rs 73 with a stop loss at Rs 80.5. Thakkar has suggested SELL Trade for Jindal Steel for a target of Rs 355 with a stop loss at Rs 379.
Thakkar has suggested two BUY Calls today. Traders can BUY FMCG major Tata Consumer for a target of Rs 880 with a stop loss at Rs 840, as per Thakkar. Other stock on Thakkar’s radar for the session is oil PSU BPCL. Traders can BUY BPCL above Rs 471 for a target of Rs 488 with a stop loss at Rs 464, 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.