Mitesh Thakkar: Tata Steel, Kotak Mahindra Bank, UltraTech Cement and Jindal Steel
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, suggesting a bullish outlook for Indian markets today. Indian markets have managed to stage a quick recovery after Union Budget was presented last week. Markets are currently trading at their all-time highs and we can expect rally in today’s session as well. NSE Nifty could open with nearly 100 point gap in today’s session.
Traders can initiate a BUY Trade for private banking major Kotak Mahindra Bank with a stop loss of Rs 1,960, target at Rs 2,040.
Two steel companies are on Thakkar’s radar for the trading session. Traders can BUY Tata Steel with a stop loss of Rs 674, target at Rs 710. Thakkar has suggested BUY Trade for Jindal Steel & Power with a stop loss of Rs 293, target at Rs 312.
Thakkar has suggested BUY Call for cement major UltraTech Cement with a stop loss of Rs 6,300, target at Rs 6,500 as the stock is looking strong on the charts.
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.