Mitesh Thakkar: BUY PNB, Bank of Baroda, BEL; SELL Torrent Pharma
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today and we can see buying in select counters. PSU banks are looking strong and we can also expect technology stocks to perform well today. Asian markets have been trading positive and Dow Jones closed marginally positive on Wednesday.
Thakkar has suggested BUY Call for PSU banking major Bank of Baroda with a stop loss of Rs 82.9, target at Rs 87.5 as the stock is looking strong on the charts. Other stock from PSU banking space on Thakkar’s radar for the day is Punjab National Bank. Traders can BUY Punjab National Bank with a stop loss of Rs 40.5, target at Rs 45, as per Thakkar.
Thakkar has suggested a BUY Trade for BEL with a stop loss of Rs 136.5, target at Rs 145.
Traders can initiate a SELL Trade for Torrent Pharma with a stop loss of Rs 2,583, target at Rs 2,480, 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.