Mitessh Thakkar: BUY PVR Inox, Coromandel Fertilisers, ONGC; SELL Hindustan Unilever

Mitessh Thakkar: BUY PVR Inox, Coromandel Fertilisers, ONGC; SELL Hindustan Unilever

Market expert Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we can witness further selling in the markets. Even if the market finds support at lower levels, the trading session could remain largely under pressure. US and European markets have given negative cues and Asian stocks were trading lower this morning. Indian markets can also witness stock specific action as some companies will be announcing quarterly numbers. NSE Nifty recovered from 19700 levels on Friday and this could offer small support. Lower levels for Nifty could be seen in today’s session.

Thakkar has suggested BUY Call for PVR INOX at current levels for a target of Rs 1580 with a stop loss at Rs 1475. The stock is looking strong on technical charts. Thakkar has suggested BUY Call for PSU energy major Oil and Natural Gas Corporation at current price for a target of Rs 177 with a stop loss at Rs 168.

Thakkar has suggested BUY Call for Coromandel Fertilizers at current price for a target of Rs 1,015 with a stop loss at Rs 964.

Thakkar has suggested SELL Trade for FMCG major Hindustan Unilever at current price for a target of Rs 2,530 with a stop loss at Rs 2,635.

All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.

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