Rahul Mohindar: BUY Apollo Tyres, Indraprastha Gas; SELL ITC
Market analyst Rahul Mohindar has suggested two BUY Calls and one SELL call for today’s trade. Indian markets are expected to open strong today and we can see NSE Nifty moving above immediate resistance level of 14,250. Dow Jones closed nearly 0.7 percent on Thursday. Indian markets have been trading strong over the last few weeks and market participants are still bullish. However, we can see consolidation happening around current levels and we could also see a minor correction.
Mohindar has suggested BUY Call for Indraprastha Gas with a stop loss of Rs 530, target at Rs 563. Traders can BUY Apollo Tyres with a stop loss of Rs 184, target at Rs 204, as per Mohindar.
Mohindar has suggested SELL Trade for FMCG major ITC as the stock is looking weak on the technical charts. Traders can SELL ITC with a stop loss of Rs 209, target at Rs 192, as per Mohindar.
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.