Mitesh Thakkar: BUY Godrej Consumer, Amara Raja, Pidilite and HDFC Life
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trading session. Indian stock markets have been hovering around their all-time highs and market undertone is bullish. While many market analysts have turned cautious and expect a correction, the strength in blue-chip stocks has surprised many. Indian market is expected to open positive today after yesterday’s minor decline.
Thakkar has suggested BUY Call for battery maker Amara Raja Batteries with a stop loss of Rs 929, target at Rs 970. Traders can initiate a BUY Trade for Pidilite Industries with a stop loss below Rs 1,624, target at Rs 1,700, as per Thakkar.
Thakkar has suggested BUY Trade for FMCG major Godrej Consumer with a stop loss of Rs 717, target at Rs 750.
Thakkar has suggested BUY Call for HDFC Life Insurance with a stop loss below Rs 650, target at Rs 680 as the stock is looking strong on the technical charts.
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.