Mitessh Thakkar: BUY HDFC Bank, Bajaj Auto, Eicher Motors and Aurobindo Pharma
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a positive outlook for Indian markets. US markets closed positive on Monday after FED FOMC indicated that there could be 75 basis point interest rate hike in July. The statement was in line with market expectations. Global markets are looking positive for the moment and we could see NSE Nifty gaining today.
Thakkar has suggested BUY Call for automobile major Bajaj Auto for a target of Rs 3,900 with a stop loss at Rs 3,728. Thakkar has suggested BUY Trade for Eicher Motors for a target of Rs 3,000 with a stop loss at Rs 2,870.
Banking stocks are looking good, especially private banks. Thakkar has suggested BUY Call for HDFC Bank for a target of Rs 1,430 with a stop loss at Rs 1,350. Traders can initiate a BUY Trade for pharmaceutical counter Aurobindo Pharma for a target of Rs 560 with a stop loss at Rs 535, 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.