Mitesh Thakkar: BUY Havells, IGL, Coromandel International, IGL; SELL Motherson Sumi
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today and we can expect stock specific action. The market is expected to remain range-bound with a positive bias. US markets closed positive on Monday and Asian stocks have been trading positive this morning.
Thakkar has suggested BUY Call for Coromandel International for a target of Rs 945 with a stop loss at Rs 900. Thakkar has suggested BUY Call for Havells India for a target of Rs 1,200 with a stop loss at Rs 1,144.
Traders can initiate a BUY Call for public sector energy major IGL for a target of Rs 560 with a stop loss at Rs 540.
Thakkar has suggested SELL Call for automobile parts manufacturer Motherson Sumi for a target of Rs 220 with a stop loss at Rs 236.
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.