Mitessh Thakkar: BUY IEX, Apollo Hospitals, BEL and Hindustan Aeronautics
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for short term investors and traders. Indian markets are expected to open positive today as the global market sentiment has improved over the last few trading sessions. However, markets will be looking forward to US Federal Reserve’s policy decision coming later this week. The investing community is expecting Federal Reserve to have a minor rate increase this time and possibly to end rate hikes with this one. The markets are looking optimistic but we could stay in a narrow range with positive bias.
Thakkar has suggested BUY Call for IEX at current levels for target of Rs 162 with Stop Loss at Rs 154. The stock is looking strong on the charts and has gained ground in the last few weeks. Thakkar has suggested BUY trade for Apollo Hospitals at current price for target of Rs 4600 with Stop Loss at Rs 4490.
Thakkar has suggested BUY Call for BEL at current price for target of Rs 107 with Stop Loss at Rs 102. Thakkar has suggested BUY Call for Hindustan Aeronautics at current levels for target of Rs 3000 with Stop Loss at Rs 2895.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.