Mitessh Thakkar: BUY Granules, Delta Corp; SELL SBI Life and Laurus Labs
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today and we could see markets taking support from lower levels. Indian markets have positive sentiment but the global cues are negative. After the US inflation data was released this week, US markets have turned negative and this has led to decline in global stocks. However, we can expect markets to find support from lower levels and we could see strength in the coming weeks.
Thakkar has suggested BUY Call for Granules for a target of Rs 332 with a stop loss at Rs 312. Thakkar has suggested BUY Trade for Delta Corp for a target of Rs 233 with a stop loss at Rs 212. The stock is looking strong on the charts.
Thakkar has suggested SELL Call for SBI Life for a target of Rs 1,255 with a stop loss at Rs 1,310. Traders can SELL Laurus Labs for a target of Rs 512 with a stop loss at Rs 538, as per Thakkar.
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.