Mitessh Thakkar: BUY Motherson Sumi, Page Industries; SELL TVS Motors and Britannia
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. US markets are expected to remain volatile this week as FOMC meeting on interest rates started on Tuesday. Asian markets were trading mixed this morning.
Thakkar has suggested BUY Call for Page Industries for a target of Rs 46,900-47,000 with a stop loss at Rs 45,850. Traders can initiate a BUY Trade for Motherson Sumi for a target of Rs 136 with a stop loss at Rs 126, as per Thakkar. The stock is looking strong on the charts.
Thakkar has suggested SELL Call for FMCG major Britannia Industries for a target of Rs 3,740 with a stop loss at Rs 3,836. Thakkar has suggested SELL Call for TVS Motors for a target of Rs 840 with a stop loss at Rs 877.
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.