Mitessh Thakkar: BUY Granules, ITC, Godrej Consumer; SELL SBI Cards
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today and we can witness a range-bound session with a negative bias. US markets closed flat on Thursday and Asian stocks were trading mixed this morning.
Thakkar has suggested BUY Call for FMCG counter Godrej Consumer for a target of Rs 950 with a stop loss at Rs 905. Traders can initiate a BUY Trade for Granules at current price for a target of Rs 350 with a stop loss at Rs 327, as per Thakkar.
Thakkar has suggested BUY Call for FMCG counter ITC for a target of Rs 242 with a stop loss at Rs 230.
Thakkar has suggested SELL Trade for SBI Cards as the stock is looking weak on the charts. Traders can SELL SBI Cards for a target of Rs 930-925 with a stop loss at Rs 968, 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.