Mitessh Thakkar: BUY Dixon Technologies, DLF, CONCOR; SELL Mphasis
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today but we can also expect selling at higher levels. Markets have been trading firm for the last few sessions and NSE Nifty is above its major resistance levels. Markets could also try to breach 18000 levels for NSE Nifty. There is a lot of weakness in the technology sector in the United States and this has led to decline in Nasdaq while Dow Jones is still holding strong. However, traders can expect more volatility in the coming sessions.
Thakkar has suggested BUY Call for Dixon Technologies for a target of Rs 4,520-4,525 with a Stop Loss at Rs 4,350. Thakkar has suggested BUY Call for real estate major DLF for a target of Rs 405 with a Stop Loss at Rs 374.
Thakkar has suggested BUY Call for CONCOR for a target of Rs 825 with a Stop Loss at Rs 773. The stock is looking strong on the charts.
Thakkar has suggested SELL Call for Mphasis for a target of Rs 1,890 with a Stop Loss at Rs 2,005. The stock is looking weak on the charts.
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.