Mitessh Thakkar: BUY Hindalco, Federal Bank; SELL Chambal Fertilizers and Bajaj Finserv
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 as global cues have turned negative. Investors globally are concerned about high inflation and rising interest rates. These two factors can have a major impact on markets for the current year. Whenever markets see a bounce back, the pessimism returns in some form. Last week was good for markets but this week is featuring negative sentiment among investors and traders.
Thakkar has suggested BUY Call for metal counter Hindalco for a target of Rs 350 with a stop loss at Rs 333. Traders can initiate a BUY Trade for private banking counter Federal Bank for a target of Rs 94 with a stop loss at Rs 91.
Thakkar has suggested SELL Call for financial services major Bajaj Finserv for a target of Rs 10,950 with a stop loss at Rs 11,435. Traders can initiate a SELL Trade for Chambal Fertilisers for a target of Rs 255 with a stop loss at Rs 276, 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.