Mitesh Thakkar: BUY Britannia, Kotak Mahindra Bank; SELL Shriram Transport and Navin Flourine

Mitesh Thakkar: BUY Britannia, Kotak Mahindra Bank; SELL Shriram Transport and Navin Flourine

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 and we can expect markets to trade lower. Global markets have been trading firm over the last few trading sessions due to bullish sentiment among investors and traders. Some market participants are expecting a correction in stocks as there has been a lot of bullishness in the markets, leading to higher valuations for many stocks. Asian markets opened mixed this morning and European stocks closed positive on Wednesday.

Thakkar has suggested BUY Call for private banking major Kotak Mahindra Bank for a target of around Rs 1,790 with a stop loss at Rs 1,730. Among FMCG stocks, Britannia is on Thakkar’s radar for the day. Traders can BUY Britannia for a target of Rs 3,660 with a stop loss at Rs 3,540, as per Thakkar.

Thakkar has suggested SELL Trade for Navin Fluorine for a target of Rs 3,525 with a stop loss at Rs 3,660. Traders can SELL Shriram Transport Finance for a target of Rs 1,284 with a stop loss at Rs 1,342, as per Thakkar. The stock is looking weak on the charts.

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.

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