Mitessh Thakkar: BUY Marico, SELL Mahindra & Mahindra, Indigo
Market analyst Mitesh Thakkar has suggested one BUY Call and two SELL Calls for today’s trading session. Indian markets are expected to open lower today as the global markets closed lower on Tuesday. Indian markets were closed on March 1 on occasion of Maha Shivaratri. Global markets are facing negative sentiment due to Ukraine-Russia war, rising inflation and multiple-year high for crude oil and natural gas prices.
Thakkar has suggested BUY Call for FMCG major Marico with a stop loss of Rs 486. The stock is looking strong on technical charts and any revival in markets will take Marico higher.
Thakkar has suggested SELL Trade for Indigo Airlines with a stop loss of Rs 1,894. Traders can initiate a SELL Trade for automobile major Mahindra and Mahindra (M&M) with a stop loss of Rs 807, 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.