Mitessh Thakkar: BUY NTPC, Chambal Fertilizers, SBI Life; SELL TCS
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets witnessed a strong correction in yesterday’s trade after a couple of holidays last week. US and European markets were closed due to Easter Holidays and US markets closed flat on Monday. Indian markets are expected to open positive today but we can witness a volatile session.
Thakkar has suggested BUY Call for Chambal Fertilisers for a target of Rs 530 with a stop loss at Rs 496. Traders can initiate a BUY Trade for SBI Life for a target of Rs 1,205 with a stop loss at Rs 1,159. The stock is looking strong on the charts.
Thakkar has suggested BUY Call for PSU energy counter NTPC for a target of Rs 170 with a stop loss at Rs 159.
Thakkar has suggested SELL Call for technology major TCS for a target of Rs 3,460 with a stop loss at Rs 3,585. Infosys and TCS have announced quarterly results that were below market expectations. Both the stocks have been facing selling pressure.
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.