Mitessh Thakkar: BUY Ramco Cements, Cholamandalam; SELL Jindal Steel and Tata Power
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for short term investors and traders. Indian markets are expected to open positive today but markets could also see higher volatility, depending on trend in the European and US futures. US markets is showing strength but investors are still concerned about issues with banking sector. European markets are trading sideways these days.
Thakkar has suggested BUY Call for Ramco Cements at current price for target of Rs 770 with Stop Loss at Rs 730. The stock is looking strong on the charts and has gained ground in the last couple of weeks. Thakkar has suggested BUY Call for Cholamandalam at current price for target of Rs 750 with Stop Loss at Rs 715.
Thakkar has suggested SELL Call for Jindal Steel at current levels with Stop Loss at Rs 552 with target price of Rs 515. Thakkar has suggested SELL Call for Tata Power at current price for target of Rs 184 with Stop Loss at Rs 195.
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.