Mitessh Thakkar: BUY Britannia Industries; SELL Berger Paints, Bosch and GNFC
Market analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open lower today as US stocks closed lower after US Federal Reserve increased the interest rates once again. Rising interest rates and out of control inflation are major concerns for global investing community. Indian markets are expected to open lower today and we can expect volatility and selling pressure.
Thakkar has suggested BUY Call for Britannia Industries for a target of Rs 3,860 with a stop loss at Rs 3,750. The stock is technically strong and with favorable market conditions, it can offer good returns. Traders should see the market opening and then enter a trade for Britannia. If there is major decline, all stocks would see a decline during the early trade.
Thakkar has suggested SELL Call for Berger Paints for a target of Rs 602 with a stop loss at Rs 630. Thakkar has suggested SELL Call for Bosch for a target of Rs 16,340 with a stop loss at Rs 16,800.
Traders can initiate a SELL Trade for GNFC for a target of Rs 650 with a stop loss at Rs 697, as per Thakkar. The stock is looking weak on the charts.
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.