Mitesh Thakkar: BUY Tata Power, MindTree; SELL M&M and PVR

Mitesh Thakkar: BUY Tata Power, MindTree; SELL M&M and PVR

Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL calls for today’s trading session. Indian markets are expected to trade in a narrow range today with analysts expecting slightly negative opening session. US markets have closed lower on Friday as coronavirus cases keep on mounting across the United States. Asian stocks have been trading low on Monday.

Thakkar has suggested traders to Buy MindTree with a stop loss of Rs 933, target at Rs 985. Other stock on Thakkar’s buying list for the day is Tata Power. Traders can initiate BUY trade in Tata Power with a stop loss of Rs 44.5, target at Rs 50.

Thakkar has suggested SELL call for automobile major M&M with a stop loss of Rs 510, target at Rs 480.

Thakkar has suggested Sell call for multiplex major PVR with a stop loss of Rs 1,046, target at Rs 990 as lockdown has persisted in many metro cities. Even when the lockdown restrictions ease, people won’t immediately return to cinemas and PVR is set to face major trouble on revenue and profit front.

TopNews will review trading call performance by the end of the trading session. All traders should be conducted with strict stop loss as markets are highly volatile and Stop Loss manages to reduce the loss in case the trade doesn’t go as planned.

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