Mitessh Thakkar: BUY Berger Paints, Bata India, HDFC AMC; SELL ABB
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. After yesterday’s positive close, NSE Nifty is showcasing positive trend but the direction of Indian markets will mainly depend on global cues. Ukraine Russian tensions have reduced but still no concrete decisions have been taken by either side. US markets closed negative on Monday as investors are looking forward to Federal Reserve meeting.
Thakkar has suggested BUY Call for footwear major Bata India for a target of Rs 1,890 with a stop loss at Rs 1,823. Traders can initiate a BUY Trade for Berger Paints for a target of Rs 696 with a stop loss at Rs 670, as per Thakkar. The stock is looking strong on the charts.
Thakkar has suggested BUY Trade for HDFC AMC for a target of Rs 2,205 with a stop loss at Rs 2,130.
Thakkar has suggested SELL Call for engineering major ABB for a target of Rs 2,040 with a stop loss at Rs 2,096. The stock could see a decline as it is looking weak on technical charts.
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.