Mitessh Thakkar: BUY Reliance, Birlasoft; SELL Colgate and JK Cement
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today as US and European markets closed negative on Friday. The mood in the markets is mixed and we have witnessed range-bound sessions in the last few days. We can also expect recovery during the afternoon session today.
Thakkar has suggested BUY Call for Reliance Industries for target of Rs 2,820 with a stop loss at Rs 2,730. The stock is looking strong on the charts. Thakkar has suggested BUY Call for Birlasoft for target of Rs 390 with a stop loss at Rs 372.
Thakkar has suggested SELL Trade for FMCG counter Colgate for target of Rs 1,530 with a stop loss at Rs 1,580. Traders can initiate a SELL Trade for JK Cement for target of Rs 2,018 with a stop loss at Rs 2,171, as per Thakkar.
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.