Mitessh Thakkar: BUY Zee Entertainment; SELL Infosys, Oberoi Realty and IRCTC
Market analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls, indicating a bearish outlook for Indian markets today. Indian markets have been trading firm for the last few months but the last few trading sessions have been range-bound. Markets need a correction for the next rally but correction has been missing over the last few months. US markets closed mixed on Wednesday and Asian stocks were trading mixed this morning.
Thakkar has suggested only one BUY Call for today’s trading session. Traders can initiate a BUY Call for Zee Entertainment for a target of Rs 355 with a stop loss at Rs 325. The stock is looking strong on the charts.
Thakkar has suggested SELL trade for technology major Infosys for a target of Rs 1,660 with a stop loss at Rs 1,711. Traders can initiate a SELL Trade for PSU counter IRCTC for a target of Rs 830 with a stop loss at Rs 878.
Thakkar has suggested SELL Trade for real estate major Oberoi Realty for a target of Rs 845 with a stop loss at Rs 885.
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.