Mitessh Thakkar: BUY Mahindra & Mahindra, Reliance, Ashok Leyland and IPCA Labs
Technical analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open flat today but we can witness further strength in the markets, after yesterday’s smart move. Markets are mainly looking for global cues and there has been stock specific movement in the recent sessions. Indian markets are still showcasing strong sentiments compared to US markets where investors are concerned about US Federal Reserve keeping interest rates high.
Thakkar has suggested BUY Call for Reliance at current levels for a target of Rs 2,650 with a stop loss of Rs 2,574. Thakkar has suggested BUY Call for automobile major Mahindra and Mahindra at current price for a target of Rs 1,350 with a stop loss of Rs 1,290.
Thakkar has suggested BUY Call for commercial vehicle manufacturer Ashok Leyland at current levels for a target of Rs 156 with a stop loss of Rs 148.
Thakkar has suggested BUY Call for IPCA Laboratories at current price for a target of Rs 900 with a stop loss of Rs 862.
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.