Mitessh Thakkar: BUY Exide, Power Finance, Nestle India; SELL SBI Cards
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we could see selling pressure but the session could remain range-bound. Markets have corrected from all-time highs as global market sentiment turned negative. Indian markets could see a lower closing in today’s session.
Thakkar has suggested BUY Call for battery maker Exide for a target of Rs 194 with a stop loss at Rs 185. Traders can initiate a BUY Trade for power PSU Power Finance Corporation for a target of Rs 145 with a stop loss at Rs 135.
Thakkar has suggested BUY Call for FMCG major Nestle India for a target of Rs 20,850 with a stop loss at Rs 20,200.
Thakkar has suggested SELL Call for SBI Cards for a target of Rs 755 with a stop loss at Rs 800. The stock is looking weak on the 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.