Mitessh Thakkar: SELL Torrent Power, PowerGrid, Ambuja Cements; BUY Petronet LNG
Market analyst Mitesh Thakkar has suggested three SELL Calls and one BUY Call for today’s trading session. Indian markets are expected to open weak today and we could see markets testing major support levels for the trading session. US markets closed negative on Wednesday with Nasdaq witnessing over 5 percent decline. European markets are expected to open weak and we could see Indian stocks closing negative for the session.
Thakkar has suggested SELL Call for PSU power counter PowerGrid for a target of Rs 220 with a stop loss at Rs 232. Traders can initiate a SELL Trade for Torrent Power for a target of Rs 418 with a stop loss at Rs 440, as per Thakkar.
Thakkar has suggested SELL Trade for cement major Ambuja Cements for a target of Rs 348 with a stop loss at Rs 366.
Thakkar has suggested BUY Call for Petronet LNG for a target of Rs 230 with a stop loss at Rs 215.
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.