Mitessh Thakkar: BUY TCS and Adani Ports; SELL Bajaj Auto and GNFC
Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today. NSE Nifty is taking support from 19550 levels and facing selling pressure at higher levels. Markets are looking for strong signs from global market for the next major move. Traders can expect markets to move in a narrow range this week.
Thakkar has suggested BUY Call for technology major TCS at current levels with a stop loss of Rs 3,450 and target price of Rs 3,560. The stock is looking strong on the charts. After the recent positive breakout, TCS has been trading firm. The sustained buying in counter after quarterly results has pushed it towards yearly highs. Thakkar has suggested BUY Call for Adani Ports at current levels with a stop loss of Rs 780 and a target of Rs 815. The stock is looking strong at current levels and has room for further jump.
Thakkar has suggested SELL Call for Bajaj Auto at current price with a stop loss of Rs 4,711 and a target of Rs 4,580. Traders can SELL GNFC at current levels with a stop loss of Rs 568 and a target of Rs 540, as per Thakkar. GNFC has been suggested as SELL Trade by market expert Sudarshan Sukhani as well.
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.