Mitesh Thakkar: BUY Larsen & Toubro, HDFC Life; SELL TVS Motor and Mahindra & Mahindra
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today after yesterday’s decline. As companies announce quarterly performance, markets are positive as majority of results are better than expected.
Thakkar has suggested BUY Call for HDFC Life with a stop loss of Rs 572, target at Rs 595. Infrastructure major Larsen & Toubro is on Thakkar’s radar for the day. Traders can BUY Larsen & Toubro with a stop loss of Rs 939, target at Rs 980.
Thakkar has suggested SELL Calls for two automobile companies for today’s session. Traders can SELL Mahindra & Mahindra with a stop loss of Rs 605, target at Rs 575, as per Thakkar. Traders can initiate a SELL trade for TVS Motor Company with a stop loss of Rs 439, target at Rs 418, 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.