Mitessh Thakkar: BUY Bharat Forge, Hindustan Copper; SELL HDFC Bank and Bajaj Auto
Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today as the sentiment in the markets is bearish. As NSE Nifty close below support levels on Friday, we can expect further weakness in the markets. If Nifty goes below 19300, we could see more selling the markets.
Thakkar has suggested BUY Call for Bharat Forge at current price for target of Rs 1012 with Stop Loss at Rs 874. The stock is looking strong on the charts and has gained ground during the last few weeks. Thakkar has suggested BUY Call for Hindustan Copper at current price for target for Rs 170 with Stop Loss at Rs 162. Shares have gained more than 31 percent in the last month.
Thakkar has suggested SELL Trade for HDFC Bank at current price for target of Rs 1580. Stop Loss has been suggested at Rs 1635 for the trade.
Thakkar has suggested SELL Call for automobile major Bajaj Auto at current price with target at Rs 4,500-4,485 and a stop loss of Rs 4,650.
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.