Mitessh Thakkar: BUY Britannia, Birlasoft, Exide Industries; SELL Eicher Motors
Technical analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today as global cues are muted. US markets closed negative on Monday after a volatile but range-bound session. European markets closed slightly positive. Indian markets are still showcasing bullish sentiment but some market participants are also expecting a small correction this week.
Thakkar has suggested BUY Call for FMCG major Britannia Industries for a target of Rs 4,225 with a stop loss at Rs 4,050. The stock has given a breakout after better-than-expected quarterly results. Thakkar has suggested BUY Call for Birlasoft for a target of Rs 300 with a stop loss at Rs 278.
Thakkar has suggested BUY Trade for Exide Industries for a target of Rs 190 with a stop loss at Rs 175.
Traders can SELL Eicher Motors for a target of Rs 3,420-3,415 with a stop loss at Rs 3,566, 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.