Mitessh Thakkar: BUY Chambal Fertilizers, SELL CoForge, Lupin and SBI Cards

Mitessh Thakkar: BUY Chambal Fertilizers, SELL CoForge, Lupin and SBI Cards

Market analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to see a gap-down opening today after US Federal Reserve Chairman’s comments on interest rate hikes have spooked global markets. US markets witnessed sharp fall on Friday due to interest rate hike expectations in September.

Thakkar has suggested BUY Call for Chambal Fertilisers for a target of Rs 358 with a stop loss at Rs 334.

Thakkar has suggested SELL Call for Coforge for a target of Rs 3,550 with a stop loss at Rs 3,700. Traders can initiate a SELL Trade for pharmaceutical major Lupin for a target of Rs 626 with a stop loss at Rs 662.

Thakkar has suggested SELL Call for SBI Cards for a target of Rs 866 with a stop loss at Rs 921.

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.

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