Mitesh Thakkar: BUY Ambuja Cement, Bandhan Bank, Siemens and Torrent Power
Market expert Mitesh Thakkar has suggested only BUY calls for today’s trading session, suggesting a positive sentiment for Indian stock markets today. Indian markets have recovered smartly in the last two weeks and banking stocks have witnessed surprisingly strong move during the last week. NSE Nifty could easily breach 10,300 resistance level in today’s trade and a close above this level could suggest further strength in Indian stocks.
Thakkar has suggested BUY Call for small private sector banking counter Bandhan Bank. Traders can initiate a BUY trade in Bandhan Bank with a stop loss of Rs 240, target at Rs 260. From engineering sector, Thakkar has picked up Siemens. Traders can Buy Siemens with a stop loss of Rs 1,130, target at Rs 1,195.
Torrent Power and Ambuja Cement are also on Thakkar’s buy list for the session. Traders can Buy Torrent Power with a stop loss of Rs 330, target at Rs 375.
Market expert Ashwani Gujral has also suggested ACC from cement sector as a BUY for today’s trade. Thakkar has suggested Buy call for Ambuja Cement with a stop loss of Rs 191, target at Rs 205.
Indian markets are expected to open strong and we could see a strong closing. Asian markets have been trading strong this morning and European indices should also be positive considering the reopening of many businesses across Europe.