Mitesh Thakkar: BUY Tata Motors, Voltas, Mahindra & Mahindra and TCS
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL calls for the trading session, suggesting a bullish outlook for Indian markets. Indian markets have gained smartly over the last few weeks and now we are at our highest point in the last four months. Majority of blue-chip stocks have recovered from their March 2020 lows and some of them have even gained compared to their pre-COVID levels. US and Asian markets have given positive signals and we can expect a positive close for Indian markets today.
Thakkar has suggested only BUY Calls for today’s session and Voltas is on his radar for the day. Traders can BUY Voltas with a stop loss of Rs 554, target at Rs 580. Thakkar is confident about automobile stocks after Hero MotoCorp announced impressive sales numbers for June. Other market experts have also suggested BUY call for Hero MotoCorp. Traders can Buy Tata Motors with a stop loss of Rs 99.5, target at Rs 108, as per Thakkar. And, traders can also initiate a BUY trade in M&M with a stop loss of Rs 516, target at Rs 555.
Among technology stocks, Thakkar has suggested Buy call for TCS with a stop loss of Rs 2,120, target at Rs 2,225. Technology companies have gained nearly 10 percent in the recent trading sessions. TCS will be the first among major technology companies to announce quarterly results in July.
TopNews will review trading call performance by the end of the trading session. All traders should be conducted with strict stop loss as markets are highly volatile and Stop Loss manages to reduce the loss in case the trade doesn’t go as planned.