Mitessh Thakkar: BUY HDFC AMC, SBI Life; SELL Polycab, GNFC
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets have been trading in a narrow range over the last few trading sessions. While some stocks are looking good at current valuations, the overall market sentiment is down. US markets are facing tough times as US Federal Reserve is planning to raise interest rates in order to tame inflation. RBI has also planned rate hikes in order to keep inflation under control. Indian Markets will be tracking the trends in global markets.
Thakkar has suggested SELL Call for GNFC for a target of Rs 605 with a stop loss at Rs 643. Traders can initiate a SELL Trade for Polycab for a target of Rs 2,240 with a stop loss at Rs 2,355, as per Thakkar.
Thakkar has suggested BUY Call for SBI Life for a target of Rs 1,178 with a stop loss at Rs 1,150. Traders can initiate a BUY Trade for HDFC AMC for a target of Rs 1,920 with a stop loss at Rs 1,850. HDFC AMC is looking strong 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.