Mitesh Thakkar: BUY MRF, Marico, Piramal Enterprises and MGL
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trade, indicating a bullish outlook for Indian markets. NSE Nifty could touch its all-time high during today’s trading session. The markets are expected to open strong today and we can see sustained buying in select counters. US markets closed positive on Thursday and Asian stocks have been trading positive today.
Thakkar has suggested BUY Call for FMCG major Marico with a stop loss of Rs 465, target at Rs 490. Traders can BUY MGL with a stop loss of Rs 1,199, target at Rs 1,265, as per Thakkar.
Thakkar has suggested BUY Trade for tyres manufacturer MRF with a stop loss of Rs 81,500, target at Rs 86,000. Traders can initiate a BUY Trade for Piramal Enterprises with a stop loss of Rs 1,740, target at Rs 1,950, 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.