Mitessh Thakkar: BUY Tech Mahindra, IDFC; SELL Crompton Greaves and Axis Bank
Technical analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive and we can expect stock specific action in markets today. Technology stocks are expected to perform better as market participants are expecting better quarterly numbers from these companies. US markets have been trading in a narrow range over the last few sessions and the sentiment is slightly positive in global markets.
Thakkar has suggested BUY Call for technology major Tech Mahindra at current levels for a target of Rs 1,070-1,075 with a stop loss at Rs 1,020. Thakkar has suggested BUY Call for IDFC Limited for a target of Rs 92 with a stop loss at Rs 86.
Thakkar has suggested SELL Call for private banking major Axis Bank at current levels for a target of Rs 890 with a stop loss at Rs 924. The stock is looking weak on the charts. Thakkar has suggested SELL Call for Crompton at current levels for a target of Rs 315 with a stop loss at Rs 336.
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.