Mitesh Thakkar: BUY RCF, Essel Pack, Bajaj Finserv and DLF
Market analyst Mitesh Thakkar has given four BUY Calls for traders today indicating a bullish view on the markets. US markets closed negative. Indian currency has managed to gain strength against USD during the last two trading sessions.
Thakkar suggests traders to Buy RCF with a stop loss of Rs 37.5 and target at Rs 44. Traders should keep strict stop loss for all the trades. Markets can reverse direction any time due to the trends in the global markets. Selling pressure can come at higher levels and stop loss helps us by minimizing the loss in case the trade doesn’t move as expected.
Another stock on Thakkars Buy list for the day is Essel Pack. Traders can buy Essel Pack with a stop loss of Rs 173, target at Rs 188.
Thakkar is also having financial services major from Bajaj group on his radar for the day. Thakkar suggests traders to Buy Bajaj Finserv with a stop loss of Rs 4,700, target at Rs 5,200.
Thakkar also suggests traders to Buy DLF with a stop loss of Rs 135, target at Rs 145. Indian markets are expected to remain range-bound and traders should be cautious as market volatility is high.