Mitessh Thakkar: BUY CoForge, HCL Technologies, Coal India and IDFC
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a bullish outlook for Indian markets. After a long time, US markets witnessed a strong pullback rally. While Nasdaq touched yearly lows during trade on Thursday, the rally in US stocks has led to a bullish sentiment across the globe. Markets are expected to witness strong performance for today’s session and we can witness a strong rally. For NSE Nifty, 17350 would be the next major resistance.
Thakkar has suggested BUY Call for Coforge for a target of Rs 3,750 with a stop loss at Rs 3,595. Traders can BUY technology major HCL Technologies for a target of Rs 1,015 with a stop loss at Rs 968, as per Thakkar. After strong quarterly numbers, HCL Tech is looking strong right now and traders can earn decent money with this counter.
Thakkar has suggested BUY Call for PSU energy major Coal India for a target of Rs 242 with a stop loss at Rs 231. Traders can initiate a BUY Trade for IDFC for a target of Rs 80 with a stop loss at Rs 74, 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.