Mitesh Thakkar: BUY BHEL, ONGC, Coal India; SELL Asian Paints
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open strong today after Friday’s major decline. While the global markets showcased signs of recovery, we can expect Indian markets to crawl back after quick correction witnessed on Friday. Majority of stocks should remain positive today and we can expect nearly 200 point gap-up opening for NSE Nifty.
Thakkar has suggested Buy trade for Coal India with a stop loss of Rs 136, target at Rs 165. The stock has been trading strong over the last few trading session. Traders can BUY BHEL with a stop loss of Rs 46, target at Rs 51, as per Thakkar.
Thakkar has suggested BUY Call for PSU energy major ONGC with a stop loss of Rs 109, target at Rs 116.
Thakkar has suggested SELL Trade for Asian Paints with a stop loss of Rs 2,340, target at Rs 2,225. Asian Paints is also on selling list of market analyst Sudarshan Sukhani today.
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.