Mitessh Thakkar: BUY CoForge, Biocon; SELL REC and Grasim
Market analyst 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 Asian stocks were trading low this morning. US and European markets recovered on Friday as there was news about Russia and Ukraine planning diplomatic talks in Belarus. Indian markets will remain volatile and the trends in the global markets will decide the direction of local markets. The overall trend looks negative for today.
Thakkar has suggested BUY Call for Biocon for a target of Rs 403-404 with a stop loss at Rs 388. Traders can initiate a BUY Trade for technology counter Coforge for a target of Rs 4,650 with a stop loss at Rs 4,425, as per Thakkar.
Thakkar has suggested SELL Call for REC for a target of Rs 117-114 with a stop loss at Rs 144. Traders can SELL cement counter Grasim for a target of Rs 1,525 with a stop loss at Rs 1,602, 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.