Mitessh Thakkar: BUY Indian Hotels, Coromandel; SELL Escorts and Kotak Mahindra 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 could see NSE Nifty gaining during the early session. Markets would still take cues from European markets and US futures trends during the afternoon session. We could see a range-bound session today with a positive bias in the markets.
Thakkar has suggested BUY Call for Coromandel International for a target of Rs 1,005 with a stop loss at Rs 954. The stock is looking strong on the charts. Thakkar has suggested BUY Trade for Indian Hotels for a target of Rs 242 with a stop loss at Rs 225.
Thakkar has suggested SELL Call for automobile major Escorts for a target of Rs 1,410 with a stop loss at Rs 1,472. Traders can initiate a SELL Trade for private banking major Kotak Mahindra Bank for a target of Rs 1,605 with a stop loss at Rs 1,660, 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.