Mitesh Thakkar: BUY Reliance, ICICI Prudential; SELL Mahindra & Mahindra and L&T Finance
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Global market trends have been negative this week and Indian markets have witnessed three days of decline. After yesterday’s fall, we can expect slightly better closing for the Indian markets.
Thakkar has suggested BUY Call for Reliance Industries for today’s trade. If markets bounce back, Reliance will be among the first stocks to see buying support. Traders can BUY Reliance with a stop loss of Rs 2,160, target at Rs 2,225, as per Thakkar. Other stock on Thakkar’s buying list for the day is ICICI Prudential. This counter has also been suggested as BUY call for today by Ashwani Gujral. Traders can Buy ICICI Prudential with a stop loss of Rs 409, target at Rs 426, as per Thakkar.
Thakkar has suggested Sell Call for L&T Finance with a stop loss of Rs 59.5, target at Rs 54. Other stock on Thakkar’s selling list is automobile major Mahindra & Mahindra with a stop loss of Rs 596, target at Rs 560.
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.