Mitesh Thakkar: BUY Hero MotoCorp, Maruti Suzuki, Dixon Tech; SELL Divi’s Labs
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly positive today. Markets have witnessed a strong rally over the last few sessions and future course of the market would depend on the trends in the global markets. Some of the market participants are waiting for correction in the market but all the corrections so far have been short-lived.
Thakkar has suggested BUY Call for Dixon Tech for a target of Rs 4,650 with a stop loss at Rs 4,420. Thakkar has suggested BUY Trade for automobile major Hero MotoCorp for a target of Rs 3,000 with a stop loss at Rs 2,873.
Among automobile stocks, Maruti Suzuki is looking strong at the current levels. Traders can BUY Maruti Suzuki for a target of Rs 7,570 with a stop loss at Rs 7,335, as per Thakkar.
Thakkar has suggested SELL Call for pharmaceutical counter Divi’s Labs as the stock is looking weak on the charts. Traders can SELL Divi's Laboratories for a target of Rs 4,820 with a stop loss at Rs 4,973, 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.