Mitessh Thakkar: BUY Apollo Tyres, Colgate; SELL Granules and Mphasis
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are in a consolidation phase right now and waiting for next major triggers. Indian markets are expected to open flat and we could have a range-bound trading session. US markets closed lower on Wednesday while Indian markets were closed. Markets have already accepted another decline due to rising interest rates and we could see stability till the next US Federal Reserve rate hike in September.
Thakkar has suggested BUY Call for FMCG major Colgate for a target of Rs 1,710 with a stop loss at Rs 1,630. Thakkar has suggested BUY Call for Apollo Tyres for a target of Rs 262 with a stop loss at Rs 246. The stock is looking strong on the charts.
Thakkar has suggested SELL Trade for Granules for a target of Rs 295 with a stop loss at Rs 311. Traders can initiate a SELL Trade for Mphasis for a target of Rs 2,070 with a stop loss at Rs 2,157, as per Thakkar.
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.