Mitesh Thakkar: BUY Godrej Properties, Cholamandalam, Indraprastha Gas and ZEE Entertainment
Market analyst Mitesh Thkkar has suggested four BUY Calls and no SELL Calls for the trading session, indicating a positive outlook for Indian markets today. US markets closed positive on Monday and Asian stocks have been trading positive this morning. Indian markets are expected to open strong today but we can expect selling pressure at higher levels. Markets need a correction and that has been missing over the last few months as majority of markets across the world have firmed up.
Thakkar has suggested BUY Call for Cholamandalam Investment and Finance for a target price of Rs 600 with a stop loss at Rs 577. Traders can initiate a BUY Trade in Godrej Properties for a target of Rs 1,645 with a stop loss at Rs 1,588, as per Thakkar. The stock is looking strong on the charts.
Thakkar has suggested BUY Call for Indraprastha Gas Limited for a target of Rs 625 with a stop loss at Rs 576.
Zee Entertainment is looking strong on the technical charts. Traders can BUY Zee for a target of Rs 200 with a stop loss at Rs 180, 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.