Mitesh Thakkar: SELL Axis Bank, Infosys and Adani Ports; BUY Dixon Tech
Market analyst Mitesh Thakkar has suggested three SELL Calls and one BUY Call for today’s trading session, indicating a negative outlook for the markets today. Indian markets are expected to open weak today and we can experience selling pressure across the board. US and European markets have given negative cues and Asian stocks have been trading lower this morning. Markets have been trading strong over the last few weeks and a correction could be healthy for markets.
Thakkar has suggested SELL Call of private banking major Axis Bank for a target of Rs 740 with a stop loss at Rs 773
Thakkar has suggested SELL Trade for technology major Infosys Technologies for a target of Rs 1,640 with a stop loss at Rs 1,690. Traders can SELL Adani Ports for a target of Rs 715 with a stop loss at Rs 748, as per Thakkar.
Traders can initiate a BUY Trade for Dixon Tech around Rs 4,575 for a target of Rs 4,800 with a stop loss below Rs 4,500, 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.