Mitessh Thakkar: BUY Balrampur Chini, IRCTC; SELL Pidilite Industries and Tata Consumer

Mitessh Thakkar: BUY Balrampur Chini, IRCTC; SELL Pidilite Industries and Tata Consumer

Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today after two days of decline. Markets could see further correction but we have witnessed Bank Nifty and NSE Nifty taking support from lower levels in yesterday’s session. US markets closed mixed but the sentiment is slightly negative. We could see a flat or negative close for Indian markets today, depending on US Futures trends.

Thakkar has suggested BUY Call for Balrampur Chini Mills at current levels for target of Rs 422 with a stop loss at Rs 404. The stock is looking strong on the charts. Thakkar has suggested BUY Call for IRCTC at current levels for a target of Rs 685 with a stop loss at Rs 649.

Thakkar has suggested SELL Call for Pidilite Industries at current levels for a target of Rs 2,520-2,515 with a stop loss at Rs 2,595. Thakkar has suggested SELL Call for FMCG major Tata Consumer at current price for a target of Rs 800 with a stop loss at Rs 842. The stock is looking weak on the charts.

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.

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