Mitesh Thakkar: BUY IOC, Amara Raja Batteries; SELL Aurobindo Pharma, CoForge
Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open slightly positive today as the investor mood it still bullish. Gold and Oil prices have witnessed a major decline in the recent trading sessions. US and European markets closed mixed on Friday but Indian markets are looking positive. We can expect new all-time highs for BSE Sensex and NSE Nifty.
Thakkar has suggested BUY Call for Amara Raja Batteries above Rs 738 for a target price of Rs 760 with a stop loss below Rs 729. Thakkar has suggested BUY Call for oil PSU IOC above Rs 106.5 for a target of Rs 111 with a stop loss at Rs 105.
Thakkar has suggested SELL Trade for pharmaceutical major Aurobindo Pharma for a target price of Rs 875 with a stop loss at Rs 913. Traders can SELL Coforge for a target price of Rs 4,650 with a stop loss at Rs 4,830, 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.