Mitessh Thakkar: BUY ICICI Bank, Petronet LNG; SELL BHEL and City Union Bank
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today and we can see stock specific action in the markets. For the last two trading sessions, markets witnessed small correction but the things are looking positive for the moment. Dow Jones closed negative on Thursday while Nasdaq registered small gains. Asian markets were trading positive this morning.
Thakkar has suggested BUY Call for private sector banking major ICICI Bank for targets of Rs 790 and Rs 805 with a stop loss at Rs 764. Traders can initiate a BUY Trade for Petronet LNG for a target of Rs 246 with a stop loss at Rs 232, as per Thakkar.
Thakkar has suggested SELL Trade for BHEL for a target of Rs 61 with a stop loss at Rs 66.75. Traders can initiate a SELL trade for City Union Bank for a target of Rs 155 with a stop loss at Rs 168, as per Thakkar. The stock is looking weak 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.