Mitessh Thakkar: BUY IndusInd Bank, Power Grid; SELL Page Industries and Coromandel
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open negative today as US and European markets declined on Tuesday following high inflation data for US market. The recent positive sentiment in the markets has been hit badly by high inflation which could lead to interest rate hikes by central banks.
Thakkar has suggested BUY Call for private banking counter IndusInd Bank for a target of Rs 1,200 with a stop loss at Rs 1,149. Traders can BUY Power Grid for a target of Rs 234 with a stop loss at Rs 225, as per Thakkar.
Thakkar has suggested SELL Call for Coromandel for a target of Rs 1,005 with a stop loss at Rs 1,048. Traders can SELL Page Industries for a target of Rs 47,200 with a stop loss at Rs 48,400, 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.