Mitessh Thakkar: BUY ONGC, PVR; SELL BalKrishna Industries and L&T Finance
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open firm today as US markets closed positive on Monday. Despite crude oil and natural gas trading firm, markets are still bullish. Crude oil touched seven year high in yesterday’s trade.
Thakkar has suggested BUY Call for multiplex operator PVR for a target of Rs 1,780 with a stop loss at Rs 1,704. PVR is expected to remain strong as people would start returning for entertainment and events due to decline in COVID-19 cases. Thakkar has suggested BUY Call for energy PSU ONGC for a target of Rs 166 with a stop loss at Rs 159.
Thakkar has suggested SELL Call for Balkrishna Industries for a target of Rs 2,340 with a stop loss at Rs 2,451. Traders can SELL L&T Finance for a target of Rs 78 with a stop loss at Rs 84, 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.