Mitessh Thakkar: BUY Ambuja Cement, Adani Ports, Bosch and GAIL
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open positive today as US and European markets closed positive on Tuesday. US markets have factored in the rate hikes and troubles for the economy and for the moment, sentiment is looking neutral. Asian stocks were trading mixed this morning.
Thakkar has suggested BUY Call for Adani Ports for a target of Rs 850 with a stop loss at Rs 812. Traders can initiate a BUY Trade for Ambuja Cement for a target of Rs 412 with a stop loss at Rs 388, as per Thakkar. The stock is looking strong on the charts.
Thakkar has suggested BUY Call for Bosch for a target of Rs 18,600 with a stop loss at Rs 17,800. Thakkar has suggested BUY Trade for PSU energy major Gas Authority of India for a target of Rs 142 with a stop loss at Rs 132.
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.