Mitessh Thakkar: BUY Hero MotoCorp, Jubilant FoodWorks, Biocon and PNB
Market expert Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today's trading session. Indian markets are expected to open flat today but as we have NSE Nifty above 20,000, many market participants are excited about the future of local markets. We could see confidence boost as stocks are currently at their all-time highs and NSE Nifty has crossed 20,000 for the first time. The global market sentiment was slightly positive on Monday.
Thakkar has suggested BUY Call for automobile major Hero MotoCorp at current price for a target of Rs 3,110 with a stop loss at Rs 3,020. The stock is looking strong on the charts and can offer quick returns to traders.
Thakkar has suggested BUY Call for Jubilant Foodworks at current levels for a target of Rs575 with a stop loss of Rs 533. Thakkar has public sector bank PNB on his radar. Traders can BUY PNB at current levels for a target of Rs 72 with a stop loss of Rs 68, as per Thakkar.
Thakkar has suggested BUY Call for Biocon at current price for a target of Rs 290 with a stop loss of Rs 270.
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.