Mitessh Thakkar: BUY Bandhan Bank, Ashok Leyland, Can Fin Homes and Marico
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a bullish outlook for Indian markets today. US markets closed positive on Wednesday and European stocks were mixed. Indian markets could see a lower opening today but we can recover during the trading session and close could be positive. Indian markets took support from lower levels in yesterday’s trade.
Thakkar has suggested BUY Call for commercial automobile maker Ashok Leyland for a target of Rs 158 with a stop loss at Rs 146. Traders can initiate a BUY Trade for private banking counter Bandhan Bank for a target of Rs 310 with a stop loss at Rs 288, as per Thakkar. The stock is looking strong on technical charts.
Thakkar has suggested BUY Call for Can Fin Homes for a target of Rs 660 with a stop loss at Rs 623. Traders can initiate a BUY Trade for FMCG company Marico for a target of Rs 540 with a stop loss at Rs 514, 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.