Mitessh Thakkar: BUY Marico, Granules India; SELL Intellect Design and Mahindra & Mahindra
Market expert 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 session. US markets closed negative on Thursday while European stocks were slightly positive. Indian markets will also face stock specific action as some companies will be announcing quarterly numbers. The session close would depend on trends in the US Futures market.
Thakkar has suggested BUY Call for Granules India at current levels for a target of Rs 326 with a stop loss at Rs 314. The stock is looking strong on technical charts. Thakkar has suggested BUY Trade for FMCG counter Marico at current price for a target of Rs 580 with a stop loss at Rs 543.
Thakkar has suggested SELL Call for automobile major Mahindra & Mahindra at current price for a target of Rs 1,400 with a stop loss at Rs 1,486. Thakkar has suggested SELL Trade for Intellect Design Arena at current levels for a target of Rs 550 with a stop loss at Rs 591.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.