Mitessh Thakkar: BUY ITC, Federal Bank, Cholamandalam and Godrej Consumer
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trading session, indicating a bullish outlook. Indian markets are expected to open strong today and we can see NSE Nifty touching a fresh all-time highs. Indian markets have been trading strong and with IMF predictions for strong Indian recovery, markets are looking bullish.
Thakkar has suggested BUY Trade for Cholamandalam Investment & Finance for a target of Rs 620 with a stop loss at Rs 585.
Among FMCG stocks, Thakkar has ITC and Godrej Consumer on his buying list. Traders can BUY ITC for a target of Rs 260 with a stop loss at Rs 244. Thakkar has suggested BUY Trade for Godrej Consumer Products for a target of Rs 1,035 with a stop loss at Rs 1,100.
Thakkar has suggested BUY Call for banking counter Federal Bank for a target of Rs 101 with a stop loss at Rs 90.
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.