Mitesh Thakkar: BUY Aurobindo Pharma, GAIL, Indraprastha Gas and SELL Reliance Industries
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly lower but we could see recovery during the afternoon session as bulls are still in charge of the markets. Indian markets are also getting support from the strength in the global markets. Dow Jones closed almost flat on Wednesday and Asian markets have been trading mixed today.
Thakkar has suggested BUY Call for pharmaceutical major Aurobindo Pharma with a stop loss of Rs 797, target at Rs 840. Two PSU energy companies are on Thakkar’s buying list for the trading session. Traders can BUY GAIL with a stop loss of Rs 89.5, target at Rs 98, as per Thakkar. Traders can initiate a BUY Trade for IGL with a stop loss of Rs 438, target at Rs 460, as per Thakkar.
Reliance Industries has been a favorite of investors and market analysts in the recent months, especially after the company announced major investments in Jio Platforms from investors across the world. Thakkar has suggested a SELL Call for Reliance Industries as the stock is looking weak on the charts. Traders can SELL Reliance Industries with a stop loss of Rs 2,025, target at Rs 1,940, 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.