Mitessh Thakkar: BUY Eicher Motors, M&M, Infosys and Bata India
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a bullish outlook on Indian markets. After a few weeks of volatility, Indian markets are poised to gain today as global cues have turned positive. US and European markets closed positive on Thursday and Asian stocks were trading higher this morning.
Thakkar has suggested BUY Call for automobile counter Eicher Motors for a target of Rs 2,920 with a stop loss at Rs 2,780. Traders can initiate a BUY Trade for automobile major Mahindra and Mahindra (M&M) for a target of Rs 1,065 with a stop loss at Rs 1,009, as per Thakkar.
Thakkar has suggested BUY Call for technology major Infosys for a target of Rs 1,485 with a stop loss at Rs 1,438. The stock is looking strong after facing a few weeks of decline as it announced quarterly results that weren’t as per street expectations.
Thakkar has suggested BUY Call for Bata for a target of Rs 1,745 with a stop loss at Rs 1,670.
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.