Mitesh Thakkar: BUY ACC, UltraTech Cement, DLF; SELL Aurobindo Pharma
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today and we can expect markets to close with gains. Global trend has turned positive and European markets closed positive on Monday. Markets have been trading strong for the last few weeks and any correction has been short-lived. While many people are concerned about higher stock valuations, the momentum and buying support is keeping stocks at elevated levels.
Thakkar has suggested BUY Call for two cement companies and one real estate major. With Covid-19 cases declining in India, construction activity should pick up in the coming months. Traders can BUY UltraTech Cement with a stop loss of Rs 6,960, target at Rs 7,400, as per Thakkar.
Thakkar has suggested BUY Trade for cement major ACC with a stop loss of Rs 2,050, target at Rs 2,125. Traders can BUY real estate major DLF with a stop loss of Rs 305, target at Rs 322, as per Thakkar.
Thakkar has suggested SELL Call for pharmaceutical major Aurobindo Pharma with a stop loss of Rs 951, target at Rs 910.
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.