Mitessh Thakkar: BUY Marico, Asian Paints; SELL Havells and Bata India
Technical 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 and we can witness a range-bound sessions with positive bias. Indian markets are taking a breather after strong rally that led major indices to their all-time highs. US markets closed flat on Wednesday and sentiment in the Indian markets is positive.
Thakkar has suggested BUY Call for Asian Paints at current levels for a target of Rs 3,290 with a stop loss at Rs 3,200. Thakkar has suggested BUY Call for FMCG major Marico at current price for a target of Rs 522 with a stop loss at Rs 504. The stock is looking strong on technical charts.
Thakkar has suggested SELL Call for Bata India at current price for a target of Rs 1,650 with a stop loss at Rs 1,705. Thakkar has suggested SELL Call for Havells for a target of Rs 1,170 with a stop loss at Rs 1,221.
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.