Mitesh Thakkar: BUY Reliance Industries, Britannia, Ashok Leyland; SELL HDFC Life
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today and we can expect volatile trading session. However, market movement could be range-bound as US and European stocks closed flat yesterday. Markets could face correction in the upcoming weeks but due to holiday season, market movements are quite muted.
Thakkar has suggested BUY Call for commercial vehicle manufacturer Ashok Leyland around Rs 133-132.5 for a target of Rs 140 with a stop loss at Rs 129. Traders can BUY Reliance Industries for a target of Rs 2,190 with a stop loss at Rs 2,112, as per Thakkar. Reliance is looking strong on the charts and the stock could show positive movement.
Among FMCG stocks, Thakkar has Britannia on his radar. Traders can BUY Britannia for a target of Rs 3,700 with a stop loss below Rs 3,575, as per Thakkar.
Thakkar has suggested SELL Call for HDFC Life for a target of Rs 655 with a stop loss at Rs 675.
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.