Mitesh Thakkar: BUY Bharti Airtel, Marico; SELL Godrej Consumer and United Breweries
Market analyst Mitesh Thakkar has suggested two BUY calls and two SELL calls. Indian markets are expected to open strong today and after two days of continuous decline, we can expect strength in the Indian markets today. Global markets have recovered as COVID-19 cases have reduced in the recent days and many regions are considering opening up of economy.
Mitesh Thakkar has suggested Buy Call for telecom operator Bharti Airtel with a stop loss of Rs 521, target at Rs 542. Thakkar suggests Sell call for traders for Godrej Consumer with a stop loss of Rs 523, target at Rs 492.
Another stock on Thakkar’s SELL list for the day is United Breweries. Some of the liquor company stocks have jumped in the recent trading sessions as the markets are expecting stronger sales performance for these company even amid coronavirus lockdowns. Thakkar suggests Sell for United Breweries with a stop loss of Rs 926, target at Rs 870.
Thakkar has FMCG major Marico on his BUY list for the trading session. Traders can initiate a Buy trade in Marico with a stop loss of Rs 291.5, target at Rs 308.
Traders should keep strict stop loss for all the trades. Markets are expected to be in trading zone today and we might not face any unpleasant surprises like yesterday’s last hour of decline.