Mitessh Thakkar: BUY Bajaj Finance, Adani Enterprises, Hero MotoCorp; SELL Glenmark Pharma
Market analyst Mitesh Thakkar has suggested three BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open lower today and we could witness selling pressure in majority of blue-chip stocks. US markets have declined after the recent US Federal Reserve Chair comments on rate hikes. Global markets have witnessed decline in the recent trading sessions and local markets have also turned bearish after NSE Nifty traded at its all time high last week.
Thakkar has suggested BUY Call for Adani Enterprises at current price for a target of Rs 4,145 with a stop loss at Rs 4,050. Thakkar has suggested BUY Trade for Bajaj Finance at current levels for a target of Rs 6,800 with a stop loss at Rs 6,630.
Traders can initiate a BUY Trade for automobile major Hero MotoCorp for a target of Rs 2,845 with a stop loss at Rs 2,750, as per Thakkar.
Thakkar has suggested SELL Call for Glenmark Pharma for a target of Rs 402 with a stop loss at Rs 423.
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.