Mitessh Thakkar: BUY Berger Paints, L&T Infotech, SBI Life and Bata India
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a bullish outlook for the markets. Indian markets are expected to open strong today as US markets closed positive on Thursday. Global markets have probably factored in the rate hike risks and markets are looking bullish. Indian markets could see NSE Nifty above 17000 in today’s trade.
Thakkar has suggested BUY Call for footwear manufacturer Bata India for a target of Rs 1,925 with a Stop Loss at Rs 1,860. Thakkar has suggested BUY Call for Berger Paints for a target of Rs 640 with a Stop Loss at Rs 605.
Thakkar has suggested BUY Call for technology counter L&T Infotech for a target of Rs 4,850 with a Stop Loss at Rs 4,550. Traders can initiate a BUY Trade for SBI Life for a target of Rs 1,225 with a Stop Loss at Rs 1,175, as per Thakkar. The stock is looking strong on the 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.