Mitesh Thakkar: BUY ICICI Lombard, McDowells; SELL Mahanagar Gas and Tata Motors
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today and we can expect a volatile session in the markets. The market sentiment would be positive as US markets closed positive on Monday and global markets have been trading positive once again, after last week’s weakness. Indian markets are expected to trade strong for today’s session.
Thakkar has suggested BUY Call for ICICI Lombard GI for a target price of Rs 1,520 with a stop loss at Rs 1,473. Other stock on Thakkar’s radar for the trading session is McDowells. Traders can BUY McDowells for a target of Rs 740 with a stop loss at Rs 685, as per Thakkar.
Tata Motors is looking weak on the charts. Thakkar has suggested SELL Trade for automobile major Tata Motors around Rs 278-279 for a target of Rs 265 with a stop loss at Rs 286.
Thakkar has suggested SELL Call for Mahanagar Gas around Rs 1,090 for a target of Rs 1,055 with a stop loss at Rs 1,106.
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.