Mitesh Thakkar: BUY LIC Housing, Tata Consumer; SELL IOC and Eicher Motors
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets could see selling pressure today as the markets are lacking any major positive triggers. The stocks have witnessed a strong rally over the past few weeks and a correction is much needed for valuations to be fair. Another issue facing Indian stocks today is decline in global markets.
Thakkar has suggested BUY Call for FMCG major Tata Consumer with a stop loss of Rs 529.50, target at Rs 556. Traders can BUY LIC Housing with a stop loss of Rs 283, target at Rs 305, as per Thakkar.
Thakkar has suggested two SELL Calls for today’s session. Traders can SELL Eicher Motors with a stop loss of Rs 2,180, target at Rs 2,115, as per Thakkar. Other stock on Thakkar’s selling list is energy PSU IOC. Traders can SELL IOC with a stop loss of Rs 84.2, target at Rs 79, 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.