Mitesh Thakkar: BUY TVS Motor, Aurobindo Pharma; SELL Escorts and Godrej Consumer
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets have been facing decline over the last couple of trading sessions and we can expect markets to open weak today. Market participants were expecting a correction in stocks after many months of advances. Indian markets are expected to trade low today and we can expect a negative closing.
Thakkar has suggested BUY trade for Aurobindo Pharma with a stop loss of Rs 978, target at Rs 1,040. Thakkar has suggested BUY trade for two-wheeler maker TVS Motor with a stop loss of Rs 534, target at Rs 560.
Traders can SELL FMCG major Godrej Consumer with a stop loss of Rs 790, target at Rs 760, as per Thakkar.
Thakkar has suggested SELL Trade for automobile major Escorts with a stop loss of Rs 1,242, target at Rs 1,190.
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.