Mitesh Thakkar: SELL Page Industries; BUY NMDC, L&T and DLF
Market analyst Mitesh Thakkar has suggested four BUY calls for today’s trade and no SELL calls, suggesting a bullish viewpoint about Indian stocks today. US Markets closed positive on Monday and Asian stocks have been trading strong today. Indian markets are expected to open strong and we could see buying action in many stocks which have already touched 52-week high.
Traders can BUY real estate major DLF with a stop loss of Rs 145.50, target at Rs 154, as per Thakkar. DLF recently announced its quarterly results and reported better than expected performance. The loss was less than what markets were anticipating. Thakkar has also suggested BUY call for infrastructure major L&T with a stop loss of Rs 940, target at Rs 1,000. Market expert Ashwani Gujral has also suggested BUY Call for L&T today.
Traders can BUY NMDC with a stop loss of Rs 88.5, target at Rs 97, as per Thakkar.
Thakkar has suggested SELL call for Page Industries with a stop loss of Rs 19,100, target at Rs 18,000.
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.