Mitessh Thakkar: BUY Mahindra & Mahindra, Page Industries; SELL L&T Technology and IDFC First Bank

Mitessh Thakkar: BUY Mahindra & Mahindra, Page Industries; SELL L&T Technology and IDFC First Bank

Technical analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today as global cues are negative. US markets closed lower on Wednesday with Nasdaq hovering around its 52-week lows. US markets could see further decline as volumes are low and market players are cautious. Indian markets could close today’s trading lower unless there is recovery during the last hour of trade.

Thakkar has suggested BUY Call for Page Industries at current levels for a target of Rs 45,000 with a stop loss at Rs 44,400. Traders can initiate a BUY Trade for automobile major M&M at current levels for a target of Rs 1,290 with a stop loss at Rs 1,234.

Thakkar has suggested SELL Call for L&T Technology Services at current levels for a target of Rs 3,640 with a stop loss at Rs 3,725. Thakkar has suggested SELL Call for IDFC First Bank at current price for a target of Rs 53 with a stop loss at Rs 57.

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.

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