Mitessh Thakkar: BUY Indian Hotels, Bajaj Auto, Polycab India and Cholamandalam

Mitessh Thakkar: BUY Indian Hotels, Bajaj Auto, Polycab India and Cholamandalam

Technical analyst Mitesh Thakkar has suggested four BUY Calls for today’s trade, indicating a bullish outlook for Indian markets. Indian markets are expected to open strong today and we can witness fresh all-time highs for markets. Indian markets are showcasing bullish trends and the rally is turning into a broad-based rally. US and European markets have given positive cues.

Thakkar has suggested BUY Call for automobile major Bajaj Auto at current levels with Stop Loss below Rs 4,670 for an upside target of Rs 4,800. The stock has been trading firm in the recent session. Thakkar has suggested BUY Call for Indian Hotels at current levels with a Stop Loss at Rs 390 for target price Rs 410.

Thakkar has suggested BUY Call for Cholamandalam Investment and Finance at current price for target of Rs 1190 with Stop Loss at Rs 1,100.

Thakkar has suggested BUY Call for Polycab India at current levels with target price of Rs 3,700. Stop Loss suggested for this Call is at Rs 3,575, as per Thakkar. 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.

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