Mitessh Thakkar: BUY Persistent Systems, Infosys, HDFC Bank; SELL Siemens
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today as US and European markets closed positive on Wednesday. Markets are hovering around multiple-week highs and we can expect markets to remain firm. However, selling could be there but market participants believe that it would lead to buying at lower levels.
Thakkar has suggested BUY Call for technology major Infosys for a target of Rs 1,605 with a stop loss at Rs 1,545. Traders can initiate a BUY Trade for Persistent Systems for a target of Rs 3,830 with a stop loss at Rs 3,675, as per Thakkar.
Thakkar has suggested BUY Call for banking major HDFC Bank for a target of Rs 1,465 with a stop loss at Rs 1,417.
Thakkar has suggested SELL Call for engineering major Siemens for a target of Rs 2,525 with a stop loss at Rs 2,660.
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.