Mitesh Thakkar: BUY L&T, Godrej Consumer; SELL ACC and Kotak Mahindra Bank
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 although US markets and Asian markets have given negative cues. Indian markets have been inching higher backed by momentum in various counters and blue-chip stocks.
Thakkar has suggested BUY Call for FMCG major Godrej Consumer with a stop loss of Rs 698, target price at Rs 730. Godrej Consumer and L&T have been suggested as BUY Calls by market analyst Prakash Gaba for today’s session. Traders can BUY Larsen & Toubro with a stop loss of Rs 970, target at Rs 1,030, as per Thakkar.
On Thakkar’s selling list for the session are Kotak Mahindra Bank and cement major ACC. Traders can Sell private banking major Kotak Mahindra Bank with a stop loss of Rs 1,351, target at Rs 1,305. Thakkar has also suggested SELL call for cement counter ACC with a stop loss of Rs 1,402, target at Rs 1,355.
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.