Mitesh Thakkar: BUY Maruti Suzuki, PowderGrid, MRF and TVS Motor
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trade. Indian markets have been trading strong over the last few weeks and NSE Nifty crossed a major resistance of 14,250. With NSE Nifty moving towards 14,400 as major resistance, we can expect Nifty to trade firm if we see a gap-up opening. Markets are expected to open positive today.
Thakkar has two automobile stocks on his radar for today’s trading session. Thakkar has suggested BUY Call for TVS Motor with a stop loss of Rs 506, target at Rs 530. Thakkar has also suggested BUY Call for automobile major Maruti Suzuki with a stop loss of Rs 7,910, target at Rs 8,300.
Thakkar has suggested BUY Call for Powergrid with a stop loss of Rs 198.5, target at Rs 215. Traders can BUY MRF with a stop loss of Rs 79,000, target at Rs 84,500, 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.