Mitessh Thakkar: BUY GNFC, Aditya Birla Fashion, BirlaSoft; SELL Indigo
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected open positive today and we can witness sustained buying for the session. Many stocks have declined in the recent trading sessions and available at good valuations for near term traders. US and European markets registered gains on Wednesday and global market sentiment is slightly positive after US Fed Chairman’s comments on interest rates.
Thakkar has suggested BUY Call for Aditya Birla Fashion Retail at current price for target of Rs 281 with Stop Loss at Rs 269. Thakkar has suggested BUY Call for GNFC at current levels for target price of Rs 606 with Stop Loss at Rs 570.
Traders can initiate a SELL Trade for Birla Soft at current levels for target price of Rs 437 with Stop Loss at Rs 415. The stock is looking strong on the charts.
Thakkar has suggested SELL Call for aviation major Indigo at current levels for target price of Rs 1740 with Stop Loss at Rs 1830.
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.