Mitessh Thakkar: BUY Britannia Industries, ONGC; SELL Firstsource and IndiaMART
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today after facing decline for the last few trading sessions. US markets closed lower last week and global market sentiment is negative currently. Indian markets could have a small recovery during the current weak but the trend will depend on global cues.
Thakkar has suggested BUY Call for FMCG major Britannia Industries at current price for a target of Rs 4,400 with a stop loss at Rs 4,300. Thakkar has suggested BUY Call for energy PSU ONGC for a target of Rs 144 with a stop loss at Rs 138. The stock is looking strong on the charts.
Thakkar has suggested SELL Call for Firstsource Solutions for a target of Rs 91 with a stop loss at Rs 101. Traders can initiate SELL Trade for IndiaMART at current levels for a target of Rs 3,900 with a stop loss at Rs 4,200, 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.