Mitessh Thakkar: BUY Hindalco, Grasim, DLF; SELL BEL
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we can see selling pressure today after eight days of positive trade for local markets. US markets closed almost flat on Thursday. Indian markets are hovering around their all-time highs for stock indices. For NSE Nifty, 19000 will be a major resistance level.
Thakkar has suggested BUY Call for cement major Grasim Industries at current price for a target of Rs 1,860 with a stop loss at Rs 1,717. Thakkar has suggested BUY Trade for metal counter Hindalco Industries for a target of Rs 475 with a stop loss at Rs 450.
Thakkar has suggested BUY Call for real estate major DLF for a target of Rs 425 with a stop loss at Rs 406.
Thakkar has suggested SELL Trade for BEL for a target of Rs 101 with a stop loss at Rs 105. The stock is looking weak on the charts.
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.