Mitessh Thakkar: BUY Mahindra & Mahindra, UltraTech Cement; SELL Tata Consumer and Granules
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today but we can witness selling pressure as markets are still facing weakness. The negative sentiment across global markets is keeping Indian stocks lower. Markets are still able to recover from intraday lows but last three sessions have seen negative close for Indian stocks. US markets are still giving mixed signals and Indian markets will be stock specific in coming days as companies will be declaring quarterly numbers.
Thakkar has suggested BUY Call for cement major UltraTech Cement at current levels for a target of Rs 7,275 with a stop loss at Rs 7,100. Thakkar has suggested BUY Call for automobile major Mahindra & Mahindra at current levels for a target of Rs 1,350 with a stop loss at Rs 1,305.
Thakkar has suggested SELL Call for FMCG major Tata Consumer at current levels for a target of Rs 730 with a stop loss at Rs 766. Thakkar has suggested SELL Trade for Granules for a target of Rs 305 with a stop loss at Rs 325.
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.