Mitessh Thakkar: BUY Grasim, Bank of Baroda, SAIL and Mahanagar Gas
Technical analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trade, indicating a bullish outlook for Indian markets. Indian markets are witnessing a broad-based rally for the last few weeks and global cues are still positive. Indian markets could open flat today as many stocks are looking expensive after the recent rally. Bulls were in-charge over the last few weeks and many stocks have even touched all-time highs. Some market participants are also looking forward to a healthy correction in the markets.
Thakkar has suggested BUY Call for cement major Grasim at current levels with Stop Loss at Rs 1,770 and target price of Rs 1,840. The stock is looking strong on technical charts and can offer decent returns if markets remain positive. The stock has gained nearly 4 percent in the recent weeks.
Thakkar has suggested BUY Call PSU banking counter Bank of Baroda at current levels with Stop Loss at Rs 195. Target price for Bank of Baroda has been suggested at Rs 210 by Thakkar.
Thakkar has suggested BUY Trade for PSU steel major SAIL with a stop loss of Rs 86 and price target of Rs 91. The stock is looking positive on the charts.
Thakkar has suggested BUY Call for Mahanagar Gas at current levels with Stop Loss at Rs 1060 and price target of Rs 1125.
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.