Mitessh Thakkar: BUY Persistent Systems; SELL Havells, Tata Consumer and Can Fin Homes
Market Analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open flat today as global cues are muted. We can also witness technical pullback from lower levels today and see markets gaining ground. Many stocks are at attractive valuations and we could see buying in those counters. Markets will also remain stock specific these days as quarterly results will be announced by many companies.
Thakkar has suggested SELL Call for electrical equipment manufacturer Havells for a target of Rs 1,240 with a stop loss at Rs 1,300. Traders can initiate a SELL Trade for Can Fin Homes for a target of Rs 460 with a stop loss at Rs 490, as per Thakkar.
Thakkar has suggested SELL Call for FMCG major Tata Consumer for a target of Rs 720 with a stop loss at Rs 755.
Thakkar has suggested BUY Call for Persistent Systems for a target of Rs 3,600 with a stop loss at Rs 3,510. The stock is looking strong on technical 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.