Mitesh Thakkar: BUY Ambuja Cements, ACC; SELL Pidilite Industries and Lupin
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL calls for today’s trading session. Dow Jones closed nearly one percent higher on Tuesday after registering smart gains on Monday. Indian market is expected to open slightly positive but we could see selling pressure at higher levels.
Traders can Buy ACC with a stop loss of Rs 1,305, target at Rs 1,390. Other stock on Thakkar’s list for the day is Ambuja Cements. Traders can Buy Ambuja Cements with a stop loss of Rs 190, target at Rs 205. Cement companies are expected to register better sales volume compared to earlier estimates due to continued lockdown. Some of the cement companies have revealed their sales numbers in the recent days, which has led to increase in valuation of many counters.
Thakkar has suggested SELL call for pharmaceutical major Lupin with a stop loss of Rs 923, target at Rs 885.
Other stock on Thakkar’s selling list for the day is Pidilite. Traders can Sell Pidilite Industries with a stop loss of Rs 1,388, target at Rs 1,340.
TopNews will review trading call performance by the end of the trading session. All traders should be conducted with strict stop loss as markets are highly volatile and Stop Loss manages to reduce the loss in case the trade doesn’t go as planned.