Mitessh Thakkar: BUY IOC, Coromandel Fertilizers; SELL PowerGrid and LTTS
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today and we can witness a range-bound session. Markets closed negative yesterday after weakness was seen in the European and US markets. Markets can witness stock specific action in today’s trade.
Thakkar has suggested BUY Call for Coromandel Fertiliser for a target of Rs 822 with a stop loss at Rs 791. Other stock on Thakkar’s radar for the session is PSU oil major Indian Oil. Traders can BUY IOC for a target of Rs 128 with a stop loss at Rs 119, as per Thakkar.
Thakkar has suggested SELL Call for LTTS for a target of Rs 4,300 with a stop loss at Rs 4,460. Thakkar has suggested SELL Call for PSU power major PowerGrid for a target of Rs 187 with a stop loss at Rs 200.
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.