Mitessh Thakkar: BUY Balrampur Chini, City Union Bank, GAIL; SELL Colgate-Palmolive
Technical analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly negative today and we can see support for NSE Nifty around 18570 levels. Below this level, we could see further selling. On the positive side, resistance is at 18700 levels. Global cues are muted and US market closed slightly negative after US Federal Reserve raised interest rates by 50 basis points.
Thakkar has suggested BUY Call for Balrampur Chini Mills at current levels for a target of Rs 392 with a stop loss of Rs 374. Thakkar has suggested BUY Call for City Union Bank at current price for a target of Rs 218 with a stop loss of Rs 196.
Thakkar has suggested BUY Trade for GAIL at current prices for a target of Rs 101 with a stop loss of Rs 94.
Thakkar has suggested SELL Call for FMCG major Colgate-Palmolive at current price for a target of Rs 1,530 with a stop loss of Rs 1,590.
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.