Mitessh Thakkar: BUY HDFC AMC, Amara Raja Batteries, HAL; SELL Hindustan Unilever
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 as Asian cues are positive. US markets closed negative on Wednesday but sentiment in Indian markets is positive. We can expect selling pressure at higher levels and market closing would depend on the trends in European markets.
Thakkar has suggested BUY Call for HDFC AMC for a target of Rs 2,130 with a stop loss at Rs 2,034. Traders can initiate a BUY Trade for Hindustan Aeronautics Ltd for a target of Rs 2,560 with a stop loss at Rs 2,485, as per Thakkar.
Thakkar has suggested BUY Call for Amara Raja Batteries for a target of Rs 530 with a stop loss at Rs 500. The stock is looking strong on the charts.
Thakkar has suggested SELL Call for FMCG major Hindustan Unilever for a target of Rs 2,460 with a stop loss at Rs 2,550. The stock could show signs of weakness after the quarterly results failed to live up to street expectations.
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.