Mitesh Thakkar: BUY Hero MotoCorp, Grasim, Voltas and Coal India
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trading session. Indian markets are expected to open positive today and we can expect buying in select counters in today’s trade. US markets closed positive on Friday and Asian markets have been trading slightly positive today.
Thakkar has suggested BUY Call for Voltas with a stop loss of Rs 1,077, target at Rs 1,150. Traders can initiate a BUY Trade for PSU energy major Coal India with a stop loss of Rs 150, target at Rs 160, as per Thakkar.
Thakkar has suggested BUY Trade for cement major Grasim with a stop loss of Rs 1,475, target at Rs 1,555. Cement stocks have been steadily gaining ground in the last few sessions.
Automobile stocks are in focus these days as lockdowns will be eased in many cities across India. Traders can BUY Hero MotoCorp with a stop loss of Rs 3,000, target at Rs 3,150, 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.