Mitessh Thakkar: BUY TCS, RBL Bank, Infosys; SELL Ambuja Cement
Technical analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trade, indicating a bullish outlook for Indian markets. Indian markets are expected to open positive today and we can witness another all-time high for the markets. Asian stocks were trading firm this morning and we can expect rally to continue. Indian markets are witnessing bullish sentiment and the rally has turned broad-based in the recent weeks.
Thakkar has suggested BUY Call for technology major Infosys Technologies at current levels with Stop Loss at Rs 1,320 and target price of Rs 1,375. The stock is looking strong on technical charts and can offer decent returns if markets remain positive.
Thakkar has suggested BUY Call for technology services major TCS at current levels with Stop Loss at Rs 3,250. Target price for TCS has been suggested at Rs 3,370 by Thakkar.
Thakkar has suggested BUY Trade for private banking counter RBL Bank with a stop loss of Rs 177 and price target of Rs 190. The stock is looking positive on the charts.
Thakkar has suggested SELL Call for Ambuja Cement at current levels with Stop Loss at Rs 435 and price target of Rs 405.
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.