Mitessh Thakkar: BUY ZEE Entertainment; SELL Eicher Motors, BEL and Bharat Forge
Market expert Mitesh Thakkar has suggested three SELL Calls and one BUY Call for today’s trading session. Indian markets are expected to open lower today and we can witness selling pressure during the session. Market experts believe that NSE Nifty could see support around 16,900 and the next support would be 16,750 if the markets witness decline.
Thakkar has suggested BUY Call for Zee Entertainment at current price for target of Rs 357 with Stop Loss at Rs 336. The stock is looking strong on the charts and if the market doesn’t face a major decline, traders can expect decent profits on this call.
Thakkar has suggested SELL Trade for Eicher Motors at current levels for target price of Rs 2375 with Stop Loss at Rs 2488. Thakkar has suggested SELL Call for BEL at 200 for target price of Rs 190 with Stop Loss at Rs 205.
Traders can SELL Bharat Forge around Rs 710 for target price of Rs 670. Thakkar has suggested Stop Loss at Rs 730 for this trade.
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.