Mitessh Thakkar: BUY Hindalco, JSPL; SELL Dr Lal PathLabs and Mahanagas Gas
Technical analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we can witness a range-bound session with higher volatility. Markets are still looking for direction from global markets. European stocks closed slightly positive on Tuesday while Nasdaq declined during the session. Indian markets could recover slightly from last week’s declines during the current week.
Thakkar has suggested BUY Call for steel counter Jindal Steel & Power Limited at current levels for a target of Rs 600 with a stop loss at Rs 564. Thakkar has suggested BUY Call for metal counter Hindalco Industries at current prices for a target of Rs 490 with a stop loss at Rs 465.
Thakkar has suggested SELL Call for Dr. Lal PathLabs at current price for a target of Rs 2,200 with a stop loss at Rs 2,270. Traders can initiate a SELL Trade for Mahanagar Gas at current levels for a target of Rs 820 with a stop loss at Rs 860, 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.