Mitessh Thakkar: BUY Tata Communications, BEL, GAIL; SELL PI Industries
Market expert Mitesh Thakkar has suggested three BUY Calls and one SELL Calls for today’s trading session. Indian markets are expected open lower in today’s session. We could see recovery in the markets from lower levels as immediate support for NSE Nifty is seen at 19350. Today’s session in the markets could remain range-bound as markets are looking for global cues for its next major move in either direction.
Thakkar has suggested BUY Call for BEL at current price for target of Rs 140. The Stop Loss has been suggested at Rs 130 for this counter. Thakkar has suggested BUY Trade for energy major GAIL at current levels with target price of Rs 122 and Stop Loss at Rs 115. The stock has given positive breakout recently and is looking strong on the charts.
Thakkar has suggested BUY Trade for Tata Communications at current price for target of Rs 1850 with Stop Loss at Rs 1755. The stock can see positive move in the current sessions and can offer good returns over short period.
Thakkar has suggested SELL Call for PI Industries at current levels for target of Rs 3600 with Stop Loss at Rs 3715. The stock is looking weak on the charts and with overall weakness in markets, this could decline further.
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.