Mitesh Thakkar: Buy Infosys Technologies, Mahanagar Gas; SELL Granules India and Motherson Sumi
Market 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 also expect selling pressure at higher levels. Indian markets have been trading firm over the last few trading sessions and many market participants are waiting for a correction. US markets have been firm and helping the global markets trade strong.
Thakkar has suggested SELL Call for Granules India for a target of Rs 322 with a stop loss at Rs 338.5. Other stock on Thakkar’s radar is automobile components maker Motherson Sumi. Traders can SELL Motherson Sumi for a target of Rs 203 with a stop loss at Rs 220, as per Thakkar.
Thakkar has suggested BUY Trade for technology major Infosys Technologies for a target of Rs 1,765 with a stop loss at Rs 1,715. Traders can BUY MGL above Rs 1,196 for a target of Rs 1,230 with a stop loss at Rs 1,180, 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.