Mitesh Thakkar: SELL Amara Raja, HDFC AMC, SRF; BUY ITC
Market analyst Mitesh Thakkar has suggested three SELL Calls and one BUY Call for today’s trade. Indian markets are facing bearish trends and markets are expected to open lower today. We can expect NSE Nifty to trade nearly 150 points lower and take support from 15,350 levels. However, selling can be witnessed in broader market as well, which could lead to further decline in coming days.
Thakkar has suggested three SELL Calls for today’s session. Traders can SELL HDFC AMC with a stop loss of Rs 2,872, target at Rs 2,790, as per Thakkar. Traders can initiate a SELL Trade for Amara Raja with a stop loss of Rs 876, target at Rs 835, as per Thakkar.
Thakkar has suggested SELL Trade for SRF with a stop loss of Rs 5,350, target at Rs 5,125.
Thakkar has only one BUY Call for today, for FMCG major ITC. Traders can BUY ITC with a stop loss of Rs 212, target at Rs 228, 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.