Mitessh Thakkar: BUY Intellect Design, IOC, Colgate-Palmolive; SELL Firstsource
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today but we can witness a volatile session. US and European markets closed negative on Friday and Asian markets were trading lower this morning. Indian markets are looking forward to global cues for future direction.
Thakkar has suggested BUY Call for energy major IOC for a target of Rs 128 with a stop loss at Rs 121.50. Traders can BUY Intellect Design for a target of Rs 775 with a stop loss at Rs 722, as per Thakkar. The stock is looking strong on the charts and has been suggested as a BUY Call by StockHolding.
Thakkar has suggested BUY Call for FMCG major Colgate-Palmolive for a target of Rs 1,540 with a stop loss at Rs 1,479.
Thakkar has suggested SELL Trade for Firstsource for a target of Rs 117 with a stop loss at Rs 127.5.
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.