Mitesh Thakkar: BUY SBI Life, Larsen & Toubro; SELL Marico and Eicher Motors
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today but we can see selling pressure at higher levels. US markets recovered as the US government passed stimulus package and Asian stocks have been trading positive today.
Thakkar has suggested BUY Trade for SBI Life with a stop loss of Rs 909, target at Rs 955. Thakkar has suggested BUY Call for infrastructure major Larsen & Toubro with a stop loss of Rs 1,510, target at Rs 1,550.
FMCG major Marico is on Thakkar’s selling list for the day as the stock is looking weak on the charts. Traders can SELL Marico with a stop loss of Rs 406, target at Rs 385, as per Thakkar.
Thakkar has suggested SELL Trade for Eicher Motors with a stop loss of Rs 2,624, target at Rs 2,500.
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.