Mitessh Thakkar: BUY Info Edge, Jubilant FoodWorks; SELL Gujarat Gas and Tata Consumer
Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today but markets are expected to trade in a narrow range today. US markets closed slightly negative on Friday and European stocks were also showcasing bearish trend last week. Indian stocks could close positive today if European markets and US Futures open positive.
Thakkar has suggested BUY Call for Domino’s Pizza main franchise for India, Jubilant Foodworks at current levels for a target of Rs 540 with a stop loss at Rs 505. The stock is looking strong on the charts. After quarterly results, outlook on the company was neutral. Thakkar has suggested BUY Call for Info Edge at current price for a target of Rs 5,100 with a stop loss at Rs 4,785.
Thakkar has suggested SELL Trade for FMCG major Tata Consumer Products at current levels for a target of Rs 810 with a stop loss at Rs 840. The stock is looking weak on the charts. Thakkar has suggested SELL Call for Gujarat Gas at current price for a target of Rs 430 with a stop loss at Rs 460. The stock could see decline in the coming sessions.
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.