Mitesh Thakkar: BUY IOC, Titan, Eicher Motors; SELL Godrej Consumer
Technical analyst Mitesh Thakkar has suggested three BUY Calls and one SELL call for today’s trading session, suggesting a bullish outlook for Indian markets. Over the last few trading sessions, Indian markets have been trading strong. The impact of COVID-19 lockdowns on the economy is becoming clear as we see quarterly results and many market analysts feel that the markets have already factored in the worst case scenarios. However, there are many market experts who feel that the economic troubles due to COVID-19 pandemic could last for many more quarters and the picture won’t be clear for quite some time.
For today’s trade, Thakkar has suggested BUY Call for farm equipment and commercial vehicle maker Eicher Motors with a stop loss of Rs 19,800, target at Rs 20,750. Other stock on Thakkar’s buying list for the day is public sector oil marketing company IOC. Traders can Buy IOC with a stop loss of Rs 91, target at Rs 98.
Thakkar has also suggested BUY Call for Titan with a stop loss of Rs 999, target at Rs 1,050.
Only SELL call for today’s trade from Mitesh Thakkar is for Godrej Consumer. Traders can Sell Godrej Consumer with a stop loss of Rs 695, target at Rs 650, as per Thakkar.
TopNews will review the trading call performance by the end of the trading session. Trades should be carried out with strict Stop Loss.