Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Global markets have turned negative after record-high inflation in the US was announced yesterday. With US markets facing a major correction, Asian markets were trading lower this morning. The negative trend could continue for a while as the investing community adjusts to the imminent rate hikes from the US Federal Reserve this year.

Thakkar has suggested BUY Call for banking counter Federal Bank for a target price of Rs 108 with a stop loss at Rs 101. Traders can initiate a BUY Trade for Jindal Steel and Power for a target of Rs 455 with a stop loss at Rs 432, as per Thakkar.

Thakkar has suggested SELL Trade for electric equipment major Crompton Greaves for a target of Rs 384 with a stop loss at Rs 405. Thakkar has suggested SELL Call for Mahanagar Gas Limited for a target of Rs 772 with a stop loss at Rs 801.

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.