Market analyst Mitesh Thakkar has suggested two SELL Calls and Two BUY Calls for traders today. Indian markets are expected to trade in a narrow range with a negative bias. Dow Jones Industrial Average closed nearly 2.4 percent lower on Monday due to coronavirus related uncertainty in the markets worldwide. While the US President Donald Trump has been pushing for opening up the economy, health experts suggest otherwise. The lockdown in many parts of the world will have a lasting impact on economies all over the world.

The real impact of coronavirus is still not clear for majority of trading community. This has resulted in bouts of selling and buying at lower levels in the markets worldwide.

Mitesh Thakkar has suggested traders to Sell Coal India with a stop loss of Rs 147, target at Rs 138. Another stock from Power Sector is on Thakkar’s list for the day. Traders can Buy Adani Power with a stop loss of Rs 33.4, target at Rs 37.

Thakkar has suggested SELL for Grasim with a stop loss of Rs 531, target at Rs 500. Please keep a strict stop loss as stock markets have been highly volatile during the past few weeks.

Thakkar also suggested traders to initiate a Buy trade in EID Parry with a stop loss of Rs 144, target at Rs 164. Sugar stocks have been battered badly and some of them witnessed a relief rally last week.