Mitessh Thakkar: BUY Havells, Chambal Fertilizers; SELL MCX and Indian Oil
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 and we could see decline this week compared to stellar performance witnessed last week. US and European stocks closed lower on Monday and global markets are looking weak this week.
Thakkar has suggested BUY Call for Chambal Fertilizers for a target of Rs 350 with a stop loss at Rs 326. Traders can BUY electrical equipment maker Havells for a target of Rs 1,330 with a stop loss at Rs 1,269, as per Thakkar.
Thakkar has suggested SELL Call for energy PSU Indian Oil Corporation for a target of Rs 68 with a stop loss at Rs 72. Thakkar has suggested SELL Trade for MCX for a target of Rs 1,270 with a stop loss at Rs 1,346.
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.