Mitessh Thakkar: BUY IRCTC, BEL; SELL HDFC AMC and Cholamandalam Investment
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 as Asian stocks were trading low this morning. US and European markets closed negative on Monday after last week’s rally. Indian markets could remain range-bound with negative bias in today’s trading session.
Thakkar has suggested SELL Call for financial services counter Cholamandalam Investment and Finance Company for a target of Rs 615 with a stop loss at Rs 644. Traders can initiate a SELL Trade for HDFC AMC for a target of Rs 1,720 with a stop loss at Rs 1,776, as per Thakkar.
Thakkar has suggested BUY Call for Bharat Electronics Limited for a target of Rs 250 with a stop loss at Rs 235. Traders can initiate a BUY Trade for IRCTC for a target of Rs 635 with a stop loss at Rs 602, 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.