Mitessh Thakkar: BUY Persistent Systems, IndiaBulls Housing; SELL Tata Consumer and SBI Card
Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected open flat today and we can expect a range-bound session. US markets closed positive on Friday but the mood in the markets is still cautious. Indian markets could see stock specific action in today’s trade and NSE Nifty could take support from 19250 levels.
Thakkar has suggested BUY Call for Persistent Systems at current price for a target of Rs 5,250 with a stop loss of Rs 5,094. The stock is looking strong on the charts and can offer good returns to short term traders. Thakkar has suggested BUY Call for Indiabulls Housing Finance at current levels with a target of Rs 186 and a stop loss at Rs 166.
Thakkar has suggested SELL Trade for Tata Consumer Products at current price with a target of Rs 805 with Stop Loss at Rs 839. The stock is looking weak on the charts. Thakkar has suggested SELL Trade for SBI Card at current price for a target of Rs 790 with a stop loss at Rs 830.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.