Mitessh Thakkar: BUY NMDC, IGL; SELL Crompton Greaves and Berger Paints
Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today after Friday’s decline. The market sentiment is currently bearish and we can witness markets going lower before a pullback rally. The market direction will also depend on news flow and trends in the global markets.
Thakkar has suggested BUY Call for Indraprastha Gas at current price for a target of Rs 520 with a stop loss at Rs 498. Traders can BUY NMDC for a target of Rs 150 with a stop loss at Rs 141, as per Thakkar.
Thakkar has suggested SELL Trade for Crompton Greaves for a target of Rs 410 with a stop loss at Rs 435. Traders can initiate a SELL Trade for Berger Paints for a target of Rs 705 with a stop loss at Rs 740, as per Thakkar. The stock is looking weak on the charts.
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.