Mitessh Thakkar: BUY Jubilant Foods, Larsen & Toubro, Asian Paints, SAIL; SELL Bank of Baroda
Technical analyst Mitesh Thakkar has suggested four BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today but we could also witness buying at lower levels. US markets closed negative on Wednesday and global sentiment isn’t giving any straight cues. Indian markets are still looking strong and we could see fast recovery in case the US markets open positive today.
Thakkar has suggested BUY Call for Asian Paints at current levels for a target Rs 3,540 with Stop Loss at Rs 3,000. Thakkar has suggested BUY Call for infrastructure major Larsen and Toubro at current levels for a target of Rs 2,300-2,310 with a stop loss of Rs 2,225.
Thakkar has suggested BUY Call for Steel Authority of India (SAIL) at current levels for a target of Rs 96 with a stop loss of Rs 89. Thakkar has suggested BUY Call for Jubilant Food at current price for a target of Rs 520 with a stop loss of Rs 499.
Thakkar has suggested SELL Call for PSU Banking major Bank of Baroda (BoB) for a target of Rs 170 with a stop loss of Rs 181.
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.