Mitessh Thakkar: BUY Marico, HDFC Bank, Power Grid, L&T Finance
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, indicating bullish outlook for markets today. Indian markets are expected to open strong today on back of strong Asian cues. However, we could see selling at higher levels and we could witness a volatile session. US markets were stable during yesterday’s trade but traders can still expect decline in US and European markets as interest rate hikes are imminent.
Thakkar has suggested BUY Call for private banking major HDFC Bank for a target of Rs 1,560 with a stop loss at Rs 1,513. Traders can initiate a BUY Trade for FMCG counter Marico for a target of Rs 550 with a stop loss at Rs 526, as per Thakkar.
Thakkar has suggested BUY Call for PSU power company Power Grid for a target of Rs 241 with a stop loss at Rs 229. Thakkar has suggested BUY Call for L&T Finance for a target of Rs 87 with a stop loss at Rs 83.
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.