Mitessh Thakkar: BUY Mahindra & Mahindra; SELL PFC, Cadila and HPCL
Market analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls indicating a negative outlook for Indian markets today. Indian markets are expected to open lower today and we can witness selling pressure in the markets. Indian markets have been hovering around all time highs for major indices and many stocks have witnessed a strong rally in the recent months.
Thakkar has suggested BUY Call for automobile major Mahindra & Mahindra at current levels for target price of Rs 1000 and Stop Loss at Rs 937. The stock is looking strong on the charts. Market expert Kushal Gupta has also suggested BUY Call for M&M today.
Thakkar has suggested SELL Trade for Cadila at current levels for target price of Rs 467 and Stop Loss at Rs 486. Traders can SELL HPCL for target price of Rs 326 and Stop Loss at Rs 342.
Thakkar has suggested SELL Trade for Power Finance Corporation at current levels for target price of Rs 127 with Stop Loss at Rs 136.
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.