Mitessh Thakkar: BUY Birlasoft, Bharti Airtel and PowerGrid
Market analyst Mitesh Thakkar has suggested three BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open positive today but we can witness selling pressure at higher levels. US markets closed mixed on Tuesday and Asian markets were trading mixed this morning. Indian markets are expected to move sideways this week due to absence of any major trigger this week. Markets can also see a decline as the sentiment is cautious.
Thakkar has suggested BUY Call for telecom operator Bharti Airtel for a target of Rs 780 with a stop loss at Rs 749. Recent telecom data suggests that Bharti Airtel was the only telecom operator that registered gain in subscriber base.
Thakkar has suggested BUY Call for Birlasoft for a target of Rs 520 with a stop loss at Rs 490. Birlasoft has been recommended for two months holding period by market expert Varun Dubey as well.
Thakkar has suggested BUY Call for PowerGrid for a target of Rs 209 with a stop loss at Rs 198.
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.