Mitessh Thakkar: BUY M&M, Infosys, Exide, Gujarat Gas and United Spirits
Market analyst Mitesh Thakkar has suggested five BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open strong today as US and European markets closed positive on Friday. Markets across the world have witnessed a strong recovery last week and Indian markets are expected to open strong today. We can expect NSE Nifty to go above its major resistance at 16600. If Nifty sustains above this level, we could see further buying in the coming sessions.
Thakkar has suggested BUY Call for United Spirits for targets of Rs 840-850 and Rs 900 with a stop loss at Rs 720. Traders can BUY automobile major M&M for a target of Rs 971 with a stop loss at Rs 941, as per Thakkar. The stock is looking strong on the charts.
Thakkar has suggested BUY Call for Exide for a target of Rs 153 with a stop loss at Rs 142. After many sessions of decline, Infosys could see support from the lower levels. Thakkar has suggested BUY Call for Infosys for a target of Rs 1,500 with a stop loss at Rs 1,445.
Thakkar has suggested BUY Call for Gujarat Gas for a target of Rs 575 with a stop loss at Rs 545. The stock has been recommended by StockHolding Research as well.
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.