Mitessh Thakkar: SELL CoForge, ABB India, IRCTC; BUY IOC
Market analyst Mitesh Thakkar has suggested three SELL Calls and one BUY Call for today’s trading session, indicating a negative sentiment for the markets today. US markets registered decline on Friday and selling pressure in the US has led to decline in Asian stock markets as well. Indian markets are expected to open gap-down today and we could witness NSE Nifty below 17,000 mark after a long time.
Thakkar has suggested SELL Call for engineering major ABB India for a target of Rs 2,125 with a stop loss at Rs 2,200. Thakkar has suggested SELL Trade for Coforge for a target of Rs 4,400 with a stop loss at Rs 4,580.
Railways catering and other services company IRCTC is on Thakkar’s selling list. Traders can SELL IRCTC for a target of Rs 790 with a stop loss at Rs 836, as per Thakkar.
Thakkar has suggested BUY Call for IOC for a target of Rs 127 with a stop loss at Rs 121.
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.