Mitesh Thakkar: BUY Eicher Motors, Berger Paints, Muthoot Finance and Siemens
Market analyst Mitesh Thakkar has suggested only BUY calls for today’s session, suggesting a bullish outlook for Indian markets. Indian markets are expected to open strong as per trends seen in SGX Nifty. Indian markets are trading above major resistance levels and we could see further momentum as broader market joins the current rally in the stocks. As investors have become comfortable with situation related to COVID-19 pandemic, Indian stocks have moved much higher from the low witnessed during March 2020 selling.
Thakkar has suggested Buy call for Berger Paints with a stop loss of Rs 499, target at Rs 518. Other stock on Thakkar’s buying list for the trading session is Eicher Motors. Traders can Buy Eicher Motors with a stop loss of Rs 18,790, target at Rs 19,500.
Other stock on Thakkar’s buy list for the trading session is Muthoot Finance. Traders can Buy Muthoot Finance with a stop loss of Rs 1,125, target at Rs 1,195 as per Thakkar.
Thakkar has also suggested BUY Call for engineering major Siemens. Traders can Buy Siemens with a stop loss of Rs 1,130, target at Rs 1,200, as per Thakkar’s trading suggestions for the day.
Traders should keep strict stop loss for all the trades. TopNews will review performance of trading calls by the end of the trading session.