Mitessh Thakkar: BUY Indian Oil, Cholamandalam, HAL and Coal India
Market expert Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trade, indicating a bullish outlook for markets. Indian markets are expected to open positive today and we can see NSE Nifty gaining as it has crossed major resistance levels yesterday. US and European markets were trading positive on Wednesday and we can expect Asian markets to close strong today.
Thakkar has suggested BUY Call for Cholamandalam Investment for a target price of Rs 708 with a stop loss at Rs 670. PSU energy counter Coal India is on Thakkar’s buying list. Traders can BUY Coal India for a target of Rs 174 with a stop loss at Rs 165.5, as per Thakkar.
Thakkar has suggested BUY Call for HAL for a target of Rs 1,450 with a stop loss at Rs 1,400.
Traders can BUY PSU oil major Indian Oil for a target of Rs 126 with a stop loss at Rs 118.50, 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.