Mitesh Thakkar: BUY TCS, HDFC Bank, Nestle; SELL Axis Bank
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets have been trading strong over the last few trading sessions and we haven’t witnessed any correction in the recent weeks. Correction in markets is long overdue and if markets correct from current levels, we could see around 4-5 percent decline in NSE Nifty.
Traders can BUY HDFC Bank with a stop loss of Rs 1,425, target at Rs 1,475, as per Thakkar. Traders can initiate a BUY Trade for technology major TCS with a stop loss of Rs 2,819, target at Rs 2,885, as per Thakkar.
Thakkar has suggested BUY Trade for FMCG major Nestle with a stop loss of Rs 18,100, target at Rs 18,750. The stock is looking strong on the charts.
Thakkar has suggested SELL Trade for private banking major Axis Bank with a stop loss of Rs 616, target at Rs 585.
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.