Mitessh Thakkar: BUY ICICI Prudential, NALCO; SELL Coal India and Grasim
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 and we could see a positive trading session today. European and Asian markets are showing strength while US stocks are still lagging behind. Indian markets could see a volatile session today with range-bound movement. Market participants are still looking for clear global cues.
Thakkar has suggested BUY Call for PSU counter NALCO at current levels for a target of Rs 85 with a stop loss at Rs 79. Thakkar has suggested BUY Call for ICICI Prudential Life at current levels for a target of Rs 480-482 with a stop loss at Rs 461.
Thakkar has suggested SELL Call for Coal India at current price for a target of Rs 208 with a stop loss at Rs 221. Thakkar has suggested SELL Call for cement major Grasim at current price for a target of Rs 1,655 with a stop loss at Rs 1,720.
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.