Mitesh Thakkar: SELL Grasim, Century, Indigo and BUY Equitas
Market analyst Mitesh Thakkar has suggested SELL call for Grasim, Century and Indigo while he suggested BUY Call for Equitas for traders. Indian markets are expected to trade low for today’s session. Indian markets have witnessed a quick rally with Nifty trading over 9,300 yesterday. We can expect selling pressure at higher levels.
Mitesh Thakkar has suggested SELL call for Grasim with a stop loss of Rs 507, target at Rs 486. Other stock on Thakkar’s SELL list is Century. Traders can SELL Century with a stop loss of Rs 302, target at Rs 285.
Thakkar has suggested Buy Call for Equitas with a stop loss of Rs 51.8, target at Rs 57.
Aviation and tourism related companies will be suffering massively due to coronavirus led lockdowns. While airline stocks have declined in the recent selling on stock markets, market analysts are still waiting for airlines to report their quarterly numbers. Another issue for airline stocks is that the lockdowns have still not opened and air travel would continue to remain low over the next few months.
Traders can SELL IndiGo with a stop loss of Rs 950, target at Rs 890 as per Mitesh Thakkar. Traders should keep strict stop loss for all the trades.