Mitessh Thakkar: BUY Godrej Properties, Mazagon Dock, Cipla; SELL Bosch and Voltas
Market expert Mitesh Thakkar has suggested three BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today as Asian stocks were largely positive. US markets closed mixed on Monday with Dow Jones closing flat while Nasdaq declining by almost a percent. European stocks remained mixed. Indian markets are expected to remain range-bound with positive bias today.
Thakkar has suggested BUY Call for pharmaceutical major Cipla at current levels for a target of Rs 1,055 with a Stop Loss at Rs 1,004. The stock has given a positive breakout and can offer good returns. Thakkar has suggested BUY Call for Godrej Properties at current price for a target of Rs 1,590 with a Stop Loss at Rs 1,512. The company is in news for buying real estate parcel in NCR for development of premium housing.
Thakkar has suggested SELL Call for Voltas at current levels for a target of Rs 730 with a stop loss at Rs 777. A major brokerage has recently downgraded Voltas. Thakkar has suggested SELL Call for Bosch at current levels for a target of Rs 18,000 with a Stop Loss at Rs 18,875.
Thakkar has suggested BUY Trade for Mazagon Dock Shipbuilders at current levels for target of Rs 1,750-1,800. This is a short term call without Stop Loss given by Thakkar. Traders can keep their own Stop Loss as per risk appetite.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.