Mitessh Thakkar: BUY Apollo Tyres, SBI; SELL Tech Mahindra and REC
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today but we can have a volatile session. The global cues are negative but many traders are expecting a pullback in the markets. The decline in markets has been sharp and there can be a technical pullback from lower levels. Medium term outlook for the markets still looks bearish.
Thakkar has suggested BUY Call for Apollo Tyres at current price for a stop loss at Rs 265. Thakkar has suggested BUY Call for PSU banking major SBI at current levels with a stop loss at Rs 516. The stock is looking strong on the charts.
Thakkar has suggested SELL Call for technology major Tech Mahindra at current price with a stop loss at Rs 1,020. Thakkar has suggested SELL Call for PSU power major REC with a stop loss at Rs 96.
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.