Mitessh Thakkar: BUY IOC, HPCL, Muthoot Finance; SELL Bandhan Bank
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open negative today as Asian cues are negative. Markets have been trading firm for the last three weeks and investing community is expecting a minor correction at the current levels. US and European markets would dictate the direction of Indian markets this week.
Thakkar has suggested BUY Call for PSU energy major HPCL for a target of Rs 262 with stop loss at Rs 245. Traders can initiate a BUY Trade for IOC for a target of Rs 77 stop loss at Rs 71, as per Thakkar.
Thakkar has suggested BUY Call for Muthoot Finance for a target of Rs 1,200 with stop loss at Rs 1120. The stock is looking strong on the charts.
Thakkar has suggested SELL Call for Bandhan Bank for target of Rs 264 with a stop loss at Rs 278.
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.