Mitessh Thakkar: BUY Indian Hotels; SELL Coromandel, Bajaj Finserv and Dr Lal PathLabs
Market analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls for today’s trading session. The mood in Indian markets has turned slightly bearish or we can also call it cautious. Indian markets are expected to open negative today and we can witness selling pressure in today’s trading session. US markets closed negative on Monday and European stocks were also seen under pressure.
Thakkar has suggested BUY Call for Indian Hotels for a target of Rs 209 with a stop loss at Rs 193.50. Hotels and tourism related stocks are expected to showcase strong performance as COVID-19 restrictions have been lifted and there is very low number of cases right now in India. Tourism is expected to see a bounce-back and this should help stocks in this sector.
Thakkar has suggested SELL Call for financial services major Bajaj Finserv for a target of Rs 16,450 with a stop loss at Rs 17,525. Traders can initiate a SELL Trade for Coromandel International for a target of Rs 732 with a stop loss at Rs 766, as per Thakkar.
Thakkar has suggested SELL Call for Dr Lal PathLabs for a target of Rs 3,350 with a stop loss at Rs 3,530.
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.