Mitesh Thakkar: BUY Titan, Nestle, HDFC AMC; SELL Indiabulls Housing
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly positive today but we can expect selling pressure at higher levels. US markets closed positive on Thursday but Asian stocks have been trading mixed this morning. Indian markets can see selling pressure as COVID-19 cases in India have been rising in the recent days.
Thakkar has suggested BUY Call for Titan with a stop loss of Rs 1,563, target at Rs 1,645. The stock is looking strong on the charts. Traders an initiate a BUY Trade for FMCG major Nestle with a stop loss of Rs 17,500, target at Rs 18,200, as per Thakkar.
Thakkar has suggested BUY Call for HDFC AMC with a stop loss of Rs 2,970, target at Rs 3,100.
Thakkar has suggested SELL Trade for Indiabulls Housing with a stop loss of Rs 195.5, target at Rs 181.
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.