Mitesh Thakkar: BUY SRF, Piramal Enterprises; SELL Bajaj Finserv and PVR

Mitesh Thakkar: BUY SRF, Piramal Enterprises; SELL Bajaj Finserv and PVR

Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today but we could see selling pressure at higher levels. Dow Jones closed nearly half percent lower yesterday but Asian markets are trading strong today and that could provide support to Indian stocks.

Thakkar has suggested Sell Call for financial services major Bajaj Finserv with a stop loss of Rs 6,105, target at Rs 5,800. Other stock on Thakkar’s selling list is cinema and multiplex operator PVR. Traders can Sell PVR with a stop loss of Rs 1,250, target at Rs 1,165, as per Thakkar.

Thakkar has suggested BUY Call for Piramal Enterprises with a stop loss of Rs 1,350, target at Rs 1,430. Piramal Enterprises is looking strong on the charts and we can expect the stock to firm up in today’s trade. Thakkar has suggested BUY Call for SRF with a stop loss of Rs 4,350, target at Rs 4,520.

Indian markets are looking forward to next trigger. The major movement in the market will be next month when companies will start announcing their quarterly results for the quarter ending September 2020. Technology companies have indicated that their results will be positive and technology stocks have been touching new highs.

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.

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