Mitesh Thakkar: BUY Godrej Consumer, IGL; SELL Hero MotoCorp and JSPL
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trade. Indian markets have been trading strong over the last few weeks and NSE Nifty touched all-time high in yesterday’s trade. We can expect markets to open positive but we can also expect selling pressure at higher levels. It will be interesting to see if NSE Nifty can cross 14,000 level in today’s trade.
Thakkar has suggested BUY Trade for FMCG major Godrej Consumer with a stop loss of Rs 728, target at Rs 770. Traders can initiate a BUY Trade for IGL with a stop loss of Rs 496, target at Rs 530, as per Thakkar.
Thakkar has suggested Sell Call for automobile major Hero MotoCorp with a stop loss of Rs 3,080, target at Rs 2,980. Traders can initiate a SELL Trade for JSPL with a stop loss of Rs 263.5, target at Rs 251, as per Thakkar.
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.