Mitessh Thakkar: BUY Titan and Manappuram Finance; SELL Samvardhana Motherson and Deepak Nitrite
Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected see further decline in today’s trade. The mood in global markets has turned bearish and US stocks closed negative on Thursday. We can expect selling in Indian markets today but there can be buying at lower levels. The overall short term trend in negative.
Thakkar has suggested BUY Call for Titan at current price for target of Rs 3120. The Stop Loss has been suggested at Rs 3050 for this counter. Thakkar has suggested BUY Trade for Manappuram Finance at current levels with target price of Rs 163 and Stop Loss at Rs 150. The stock has given positive breakout recently and is looking strong on the charts.
Thakkar has suggested SELL Call for Deepak Nitrite at current levels for target of Rs 1930 with Stop Loss at Rs 2025. The stock is looking weak on the charts and with overall weakness in markets, this could decline further.
Samvardhana Motherson is on Thakkar’s selling list for the day. Traders can SELL Samvardhana Motherson at current price with Stop Loss at Rs 97 for a target of Rs 90.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.