Mitessh Thakkar: BUY Vedanta, Indian Hotels, Bank of Baroda; SELL GNFC
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower and we can witness selling pressure during today’s trade. Global markets have turned bearish and Nasdaq has lost nearly 600 points during the last two trading sessions.
Thakkar has suggested BUY Call for Indian Hotels for a target of Rs 265 with a stop loss at Rs 246. The stock is looking strong on the charts. We can expect hotel and tourism stocks to perform better in the coming days.
Thakkar has suggested BUY Call for metal counter Vedanta for a target of Rs 444 with a stop loss at Rs 426. Traders can initiate a BUY Trade for public sector banking counter Bank of Baroda for a target of Rs 125 with a stop loss at Rs 116.
Thakkar has suggested SELL Trade for GNFC for a target of Rs 865 with a stop loss at Rs 912.
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.