Mitessh Thakkar: BUY HDFC Life, Granules India, HDFC AMC; SELL LTTS
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open strong today and we can expect NSE Nifty to breach major resistance levels during the session. Global markets have turned positive on hopes of lower rate hike or no rate hike during the current US Federal Reserve meeting. US banking crisis has raised hopes that Federal Reserve could stop rate hikes.
Thakkar has suggested BUY Call for HDFC Life at current price for target of Rs 495 with Stop Loss at Rs 476. The stock has been declining but we witnessed a strong comeback rally during yesterday’s session. We can expect further strength in this counter today. Thakkar has suggested BUY Call for Granules India at current levels for target of Rs 300 with Stop Loss at Rs 283.
Thakkar has suggested BUY Call for HDFC AMC at current levels for target of Rs 1815 with Stop Loss at Rs 1740.
Thakkar has suggested SELL Call for L&T Technology Services at current price for target of Rs 3350 with Stop Loss at Rs 3460.
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.