Mitessh Thakkar: BUY NTPC, IndusInd Bank, UPL and L&T
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open strong today as global cues were positive on Thursday. US and European markets closed positive and we can witness further strength in Indian equities. If NSE Nifty sustains above 17360, we could see further strength in the markets.
Thakkar has suggested BUY Call for private banking major IndusInd Bank for a target of Rs 1,025 with a stop loss at Rs 980. Thakkar has suggested BUY Call for infrastructure major L&T for a target of Rs 1,748 with a stop loss at Rs 1,708.
Thakkar has suggested BUY Call for power PSU NTPC for a target of Rs 164.5 with a stop loss at Rs 157. Traders can initiate a BUY Trade for UPL for a target of Rs 850 with a stop loss at Rs 821, as per Thakkar. The stock is looking strong 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.