Market expert Mitessh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets could see a strong session today but we can also not rule out volatility in the markets. US Federal Reserve has paused the rate hike as was expected by majority of investing community. US markets closed mixed after comments of FED Chair Powell. As Federal Reserve indicated that there could be two more rate hikes in 2023, investing community is still concerned. But, we can assume that major impact of rate hikes has already been factored in the market valuations. We can expect Indian markets to remain range-bound today.

Thakkar has suggested BUY Call for cement major Grasim Industries. Thakkar has recommended BUY with Stop Loss below Rs 1,765 for target price of Rs 1,835. Cement shares have been trading firm over the last few weeks. Thakkar has suggested BUY Call for Mahanagar Gas with a stop loss of Rs 1,034 and a price target of Rs 1,075.

Thakkar has suggested BUY Call for real estate major Oberoi Realty. Traders can BUY Oberoi Realty with a target of Rs 1,070 and a stop loss of Rs 987. Real estate stocks have witnessed strength recently as major companies in this sector have reported strong demand. The booking of new flats has been impressive and we could see many companies reporting strong numbers.

Thakkar has suggested SELL Call for private banking major ICICI Bank. Traders can SELL ICICI Bank with a Stop Loss at Rs 945 for a target price of Rs 906.

All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.