Mitessh Thakkar: BUY IOC, Havells India and Britannia Industries
Technical analyst Mitesh Thakkar has suggested three BUY Calls and no SELL Call for today’s trade, indicating a bullish outlook for Indian stocks. Indian markets are expected to open positive today and we can see buying at lower levels. US markets closed mixed on Wednesday.
Thakkar has suggested BUY Call for oil PSU IOC at current levels with Stop Loss at Rs 96 and target price of Rs 105. The stock is looking strong on technical charts and can offer decent returns if markets remain positive.
Thakkar has suggested BUY Call for Havells India at current levels for target price of Rs 1350 with Stop Loss at Rs 1295.
Thakkar has suggested BUY Trade for FMCG major Britannia Industries at current price for target of Rs 5,500 with a stop loss of Rs 5,115. The target can be achieved over the next few sessions if the markets remain positive.
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.