Mitesh Thakkar: SELL ONGC, Nestle India; BUY Century Textiles and NTPC
Market analyst Mitesh Thakka has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets have been trading strong over the last few weeks and we can expect decline in markets today. Dow Jones closed slightly lower on Wednesday and Asian markets have been trading low today. Indian markets could open low for today’s session and we could see selling pressure in majority of stocks.
Thakkar has suggested BUY Call for Century Textiles with a stop loss of Rs 323.5, target at Rs 345. In energy sector, Thakkar has NTPC on his radar. Traders can BUY NTPC with a stop loss of Rs 91, target at Rs 98, as per Thakkar.
Thakkar has suggested SELL call for FMCG major Nestle India with a stop loss of Rs 16,525, target at Rs 15,950. Other stock on Thakkar’s selling list is ONGC. Market expert Ashwani Gujral has also suggested SELL call for ONGC for today’s session. Traders can SELL ONGC with a stop loss of Rs 81, target at Rs 76.
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.