Mitessh Thakkar: BUY Deepak Nitrite, Aditya Birla Fashion, Amara Raja and Indian Hotels
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a bullish outlook for markets today. US markets closed negative on Monday but Indian markets are still showing bullish sentiment. Indian markets are expected to open positive today and we can see NSE Nifty comfortably trade above 18,000 levels. Indian markets will depend on the trends in the global market and this week, US Federal Reserve will announce another rate hike. Market participants are waiting for Federal Reserve action this week.
Thakkar has suggested BUY Call for Aditya Birla Fashion at current levels for a target of Rs 367-370 with a stop loss at Rs 347. Thakkar has suggested BUY Trade for Deepak Nitrite at current price for a target of Rs 2,420 with a stop loss at Rs 2,270.
Traders can initiate a BUY Trade for Indian Hotels for a target of Rs 350 with a stop loss at Rs 326. The stock is looking strong on the charts. This stock is also good for short to medium term holding.
Thakkar has suggested BUY Call for Amara Raja Batteries at current price for a target of Rs 532 with a stop loss at Rs 506.
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.