Mitesh Thakkar: BUY Max Financial, ACC, Ambuja Cements, Grasim Industries
Market expert Mitesh Thakkar has suggested four BUY calls and no SELL Calls for today’s trading session. Indian markets are expected to open strong today and we could see markets getting near their yearly high today. The momentum in blue-chip counters has led stock indices to very strong levels but in the recent weeks, broader market has moved higher. The momentum is likely to continue but we could also see selling pressure as higher levels in absence of any positive triggers for the market.
Thakkar is bullish on cement counters for today’s session and has included three cement companies in his buying list for the day. Thakkar has suggested BUY ACC with a stop loss of Rs 1,414, target at Rs 1,475. Traders can also BUY cement major Ambuja Cements with a stop loss of Rs 223.5, target at Rs 240. Traders can initiate a BUY trade in Grasim Industries with a stop loss of Rs 650, target at Rs 700, as per Thakkar.
Thakkar has suggested BUY call for Max Financial with a stop loss of Rs 533, target at Rs 565.
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.