Mitesh Thakkar: BUY Dabur; SELL Britannia, Bata India and Eicher Motors
Market analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets have witnessed a smart recovery on Tuesday and global markets were trading positive while Indian markets were closed on Wednesday. We can expect markets to open positive today and there was be further strengthening of the major indices. NSE Nifty touch trade above its major resistance levels of 15600 and we can expect further strength in the markets.
Thakkar has suggested BUY trade for FMCG major Dabur with a stop loss of Rs 548, target at Rs 580. Dabur is the only stock on Thakkar’s buying list for the day.
Thakkar has suggested SELL Trade for FMCG major Britannia with a stop loss of Rs 3,771, target at Rs 3,680. Traders can SELL Eicher Motors with a stop loss of Rs 2,519, target at Rs 2,440, as per Thakkar.
Thakkar has suggested SELL Trade for Bata India with a stop loss of Rs 1,330, target at Rs 1,280.
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.