Mitessh Thakkar: BUY Bosch, AU Small Finance; SELL Jubilant FoodWorks and Godrej Properties
Market Analyst has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets have been trading strong for the last few trading sessions and we can expect markets to trade lower today as global trend was bearish on Wednesday. US and European markets closed negative while market participants are waiting for US inflation data. Indian markets are expected to trade lower today and we can expect decline across the board.
Thakkar has suggested BUY Call for small banking counter AU Small Finance Bank for a target of Rs 665 with a stop loss at Rs 624. Thakkar has suggested BUY Call for Bosch for a target of Rs 18,000 with a stop loss at Rs 16,900.
Thakkar has suggested SELL Call for real estate major Godrej Properties for a target of Rs 1,130 with a stop loss at Rs 1,190. Traders can initiate a SELL Trade for Jubilant Foods for a target of Rs 540 with a stop loss at Rs 577, 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.