Mitessh Thakkar: BUY Bank of Baroda, Can Fin Homes, IDFC and Oracle Financial Services
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for short term investors and traders. Indian markets are expected to open flat today and we can see NSE Nifty trading in a narrow range today. Markets have witnessed a consistent rise over the last few sessions and some market participants are looking forward to a small correction. The trend in local market will depend on global market sentiment.
Thakkar has suggested BUY Call for PSU bank Bank of Baroda at current levels for target of Rs 187 with Stop Loss at Rs 177. The stock is looking strong on the charts. Thakkar has suggested BUY trade for Can Fin Homes at current price for target of Rs 600 with Stop Loss at Rs 570.
Thakkar has suggested BUY Call for IDFC at current price for target of Rs 88 with Stop Loss at Rs 82. Thakkar has suggested BUY Call for Oracle Financial Services at current levels for target of Rs 3520 with Stop Loss at Rs3375.
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.