Mitessh Thakkar: SELL IndiaMart, Voltas, Chambal Fertilizers; BUY Infosys
Market analyst Mitesh Thakkar has suggested three SELL Calls and one BUY Call for today’s trading session. Global markets are facing high volatility and US markets registered strong decline on Thursday. European and Asian markets are expected to follow the global trends and we can expect decline in today’s trade for Indian markets as well. There can be buying at lower levels but overall trend remains negative.
Thakkar has suggested SELL Call for Voltas for a target of Rs 1,120 with a stop loss at Rs 1,175. Traders can initiate a SELL Trade for Chambal Fertilisers & Chemicals for a target of Rs 439 with a stop loss at Rs 456, as per Thakkar.
Thakkar has suggested SELL Trade for IndiaMART for a target of Rs 4,400 with a stop loss at Rs 4,660.
Thakkar has suggested BUY Call for technology major Infosys in case the counter manages to move above Rs 1,590 levels. Traders can BUY Infosys above Rs 1,590 for a target of Rs 1,620 with a stop loss at Rs 1,575, 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.