Mitessh Thakkar: BUY Bharat Forge, Mahindra & Mahindra; SELL HDFC Bank and Jindal Steel
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we can expect markets to trade weak as the mood is cautious. Markets have surprised with strong performance even after a weak opening trade. US markets closed positive on Tuesday and Asian stocks are trading mixed this morning.
Thakkar has suggested BUY Call for automobile major Mahindra & Mahindra for a target of Rs 925 with a stop loss at Rs 878. Traders can BUY Bharat Forge for a target of Rs 870 with a stop loss at Rs 818, as per Thakkar.
Thakkar has suggested SELL trade for large cap banking counter HDFC Bank for a target of Rs 1,538 with a stop loss at Rs 1,585. Traders can SELL Jindal Steel for a target of Rs 399 with a stop loss at Rs 418, as per Thakkar.
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.