Mitesh Thakkar: BUY TCS, Dr Reddy’s; SELL Axis Bank and BPCL
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive for today’s session as Dow Jones closed nearly half percentage point higher on Tuesday. We can expect stock specific action today.
Thakkar has suggested BUY Call for technology major TCS with a stop loss of Rs 2,500, target at Rs 2,575. Other stock on Thakkar’s buying list is from pharmaceutical sector. Thakkar has suggested BUY trade for Dr Reddy's with a stop loss of Rs 5,050, target at Rs 5,400.
Traders can Sell Axis Bank with a stop loss of Rs 419, target at Rs 395, as per Thakkar. Other stock on Thakkar’s selling list for the day is oil PSU BPCL. Traders can SELL BPCL with a stop loss of Rs 405, target at Rs 380, 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.