Mitesh Thakkar: BUY Dr Reddy’s, Bajaj Auto, Marico; SELL Maruti Suzuki
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly lower today but we could see markets taking support from lower levels. Markets have been trading near their all-time highs last week and market participants are expecting a correction in some counters. Traders should be cautious and strict stop loss should be maintained for all the trades.
Thakkar has suggested BUY Trade for automobile major Bajaj Auto with a stop loss of Rs 3,970, target at Rs 4,080. Thakkar has suggested BUY Call for pharmaceutical major Dr Reddy's Labs with a stop loss of Rs 4,650, target at Rs 4,750.
Thakkar has suggested a BUY Call for FMCG major Marico. The stock is looking strong on the charts and is also on recommendation list of market analyst Sudarshan Sukhani. Thakkar has suggested BUY Trade for Marico with a stop loss of Rs 419, target at Rs 436.
Thakkar has suggested SELL Trade for automobile major Maruti Suzuki with a stop loss of Rs 7,420, target at Rs 7,250.
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.