Market analyst Mitesh Thakkar has suggested. Indian traders are currently with bearish sentiment as global markets have turned negative. While Indian markets were holding strong few days ago, the continued slide in global markets has turned the trend bearish in India as well. Indian markets are expected to open lower today and selling will likely continue across the board. Indian markets are tracking the global trends. US and European markets touched yearly lows on Tuesday. Indian markets are expected to remain lower today and we could see further declines.

Thakkar has suggested SELL Call for automobile major Hero Motocorp for a target of Rs 2,570 with a stop loss at Rs 2,680. Thakkar has suggested SELL Call for Coromandel Fertilizers for a target of Rs 950 with a stop loss at Rs 1,001. The stock is looking weak on the charts.

Thakkar has suggested BUY Call for pharmaceutical major Cipla for a target of Rs 1,140 with a stop loss at Rs 1,077. Traders can initiate a BUY Call for Ipca Labs for a target of Rs 940 with a stop loss at Rs 899, 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.