Mitessh Thakkar: BUY Atul, Havells India; SELL Petronet LNG and Canara Bank
Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today's trading session. Indian markets are expected to open strong today. The global sentiment has turned positive but investors are still cautious. Indian markets could see a positive close in today’s trade.
Thakkar has suggested BUY Call for Havells India at current levels for a target of Rs 1,440 with Stop Loss at Rs 1,362. The stock is looking strong on technical charts and can offer decent returns in short term.
Thakkar has suggested BUY Trade for Atul Limited at current price for a target of Rs 7,525 to Rs 7,550 for a stop loss of Rs 7,270. The stock has given a positive breakout.
Thakkar has suggested SELL Call for PSU banking counter Canara Bank at current levels for a target of Rs 308 for a stop loss of Rs 325. Thakkar has suggested SELL Call for Petronet LNG at current price for a target of Rs 207 with a stop loss of Rs 218.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.