Mitessh Thakkar: BUY Cipla, India Cements; SELL Dabur India and IndusInd Bank

Mitessh Thakkar: BUY Cipla, India Cements; SELL Dabur India and IndusInd Bank

Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today but we could expect markets to see buying at lower levels. Markets have corrected sharply after Ukraine-Russia war and this has led to interesting valuations for many stocks. US and European markets closed negative on Monday but the decline was limited.

Thakkar has suggested BUY Call for pharmaceutical major Cipla for a target of Rs 960 with a stop loss at Rs 930. Traders can initiate a BUY Trade for cement counter India Cements for a target of Rs 192 with a stop loss at Rs 180, as per Thakkar.

Thakkar has suggested SELL Trade for FMCG counter Dabur India for a target of Rs 490 with a stop loss at Rs 515. Thakkar has suggested SELL Trade for private banking major IndusInd Bank for a target of Rs 810 with a stop loss at Rs 847.

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.

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