Mitessh Thakkar: BUY Aditya Birla Fashion, Apollo Tyres, Hero MotoCorp and IRCTC
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for short term investors and traders. Indian markets are expected to open positive today and we can see NSE Nifty touching multiple-week highs in today’s trade. Markets have witnessed a consistent rise over the last few sessions and some market participants are looking forward to a small correction. However, the trends in local markets will mainly depend on global market sentiment.
Thakkar has suggested BUY Call for Apollo Tyres at current levels for target of Rs 340 with Stop Loss at Rs 323. The stock is looking strong on the charts. Thakkar has suggested BUY trade for Aditya Birla Fashion & Retail at current price for target of Rs 236 with Stop Loss at Rs 217.
Thakkar has suggested BUY Call for Hero MotoCorp at current price for target of Rs 2525 with Stop Loss at Rs 2430. Thakkar has suggested BUY Call for IRCTC at current levels for target of Rs 600 with Stop Loss at Rs 573.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.