Mitesh Thakkar: BUY ITC, Maruti Suzuki; SELL Cadila Health and Indraprastha Gas
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today as global cues are muted. US markets closed slightly down on Monday. Asian stocks were trading mixed this morning. Indian markets are near their all-time highs and markets are waiting for quarterly results.
Thakkar has suggested BUY Call for automobile major Maruti Suzuki as the stock is looking strong on the charts. Traders can BUY Maruti Suzuki for a target of Rs 7,950 with a stop loss at Rs 7,540, as per Thakkar.
Among FMCG counters, ITC is looking strong at the current levels. Thakkar has suggested BUY Trade for ITC for a target of Rs 248 with a stop loss at Rs 235.
Thakkar has suggested SELL Call for Indraprastha Gas for a target of Rs 500 with a stop loss at Rs 520. Traders can initiate a SELL trade for Cadila for a target of Rs 525 with a stop loss of Rs 552, 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.