Mitessh Thakkar: BUY Maruti Suzuki, Power Grid, Hindalco and Balkrishna Industries
Market expert Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a bullish outlook for markets. Indian markets are expected to open strong today and we could see strength across the board as mood has turned bullish again. Majority of companies have reported good quarterly numbers and outlook for Indian economy is strong. The interest rate issue in the United States is not scaring investors anymore and we could see further strength in the US stocks.
Thakkar has suggested BUY Call for automobile major Maruti Suzuki. Traders can BUY Maruti Suzuki at current levels with Stop Loss at Rs 9,770 for target price of Rs 9,950. Automobile stocks could see strength in the coming sessions. Thakkar has suggested BUY Call for Hindalco at current price with Stop Loss at Rs 455 and target level of Rs 480. The stock is looking strong on the charts is has gained more than 10 percent over the last month. Hindalco has given a positive breakout.
Thakkar has suggested BUY Call for PSU power counter Power Grid at current price with target of Rs 272 and Stop Loss at Rs 260.
Thakkar has suggested BUY Trade for commercial tyre manufacturer Balkrishna Industries at current levels with a stop loss at Rs 2,500. The target suggested for BKT Industries is Rs 2,630. The stock is looking strong on the charts.
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.