Mitessh Thakkar: BUY Power Grid, Titan; SELL JSW Steel and Adani Ports
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. We can expect a volatile session in markets today with a positive bias as Asian stocks were trading firm this morning. US markets declined on Tuesday after Powell’s comments but later a recovery was seen. Crude Oil and Natural Gas prices have declined in the recent sessions.
Thakkar has suggested BUY Call for energy PSU Power Grid for a target of Rs 215 with a stop loss at Rs 201. Thakkar has suggested BUY Call for Rakesh Jhunjhunwala’s favorite stock Titan if the stock moves above Rs 2,386. Traders can BUY Titan for target price of Rs 2,420 with a stop loss at Rs 2,370.
Thakkar has suggested SELL Trade for Adani Ports for a target of Rs 650 with a stop loss at Rs 701. The stock is looking weak on the charts. Traders can SELL JSW Steel for a target of Rs 580 with a stop loss at Rs 622, 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.