Mitessh Thakkar: BUY United Spirits, Cholamandalam; SELL Bajaj Finance and Havells
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open negative today as global market trend is negative. Asian stocks were trading lower this morning. US markets closed negative on Wednesday. With quarterly results season, the action in the Indian market will be stock specific.
Thakkar has suggested BUY Call for financial services counter Cholamandalam Finance for a target of Rs 650 with a stop loss at Rs 612. Traders can initiate a BUY Trade for United Spirits for a target of Rs 905 with a stop loss at Rs 869.
Thakkar has suggested SELL trade for Bajaj Finance for a target of Rs 7,350 with a stop loss at Rs 7,578. Traders can initiate a SELL trade for Havells for a target of Rs 1,230 with a stop loss at Rs 1,300, as per Thakkar.
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.