Mitessh Thakkar: BUY Hindalco, Ashok Leyland; SELL Dr Lal Path Labs and Britannia
Technical analyst 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. Indian markets are looking for direction from global market sentiment and US markets have been sending mixed signals. Markets could see a volatile week as traders would return back to the market after holidays.
Thakkar has suggested BUY Call for automobile major Ashok Leyland at current levels for a target of Rs 155 with a stop loss at Rs 146. Thakkar has suggested BUY Call for metal counter Hindalco at current price for a target of Rs 500 with a stop loss at Rs 478.
Thakkar has suggested SELL Call for FMCG major Britannia at current levels for a target of Rs 4,205 with a stop loss at Rs 4,330. Thakkar has suggested SELL Call for Dr Lal Pathlabs for a target of Rs 2,120 with a stop loss at Rs 2,240.
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.