Mitessh Thakkar: BUY Ashok Leyland, Apollo Tyres, REC; SELL Cholamandalam
Technical analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today and we can witness a range-bound session. Markets are looking for strong global cues for future direction. US markets have been hovering around their yearly lows as interest rates are expected to remain high as inflation is still high across the world. Market participants are cautious and expecting further declines.
Thakkar has suggested BUY Call for automobile major Ashok Leyland at current levels for a target of Rs 156 with a stop loss at Rs 145. Thakkar has suggested BUY Call for PSU energy counter REC at current price with for a target of Rs 130 with a stop loss at Rs 120.
Thakkar has suggested BUY Call for Apollo Tyres at current price with a target of Rs 360 with a stop loss at Rs 328. Market expert Chandan Taparia has also suggested BUY Call for Apollo Tyres today.
Thakkar has suggested SELL Call for Cholamandalam Investment and Finance Company for a target of Rs 650 with a stop loss at Rs 700.
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.