Mitesh Thakkar: BUY Bharti Airtel, MGL, Hindalco and UltraTech Cement
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets have been trading strong over the last few weeks and we can expect markets to open high today. NSE Nifty could touch a fresh all-time high in today’s trade. Markets are technically strong and sustained buying is keeping indices strong. However, a correction at this stage would be healthy for future rally.
Thakkar has suggested BUY Call for cement major Ultratech Cement with a stop loss of Rs 5,400, target at Rs 5,600. Traders can BUY telecom counter Bharti Airtel with a stop loss of Rs 518, target at Rs 540, as per Thakkar.
Metal counter Hindalco is also on Thakkar’s radar for the trading session. Traders can BUY Hindalco with a stop loss of Rs 256, target at Rs 266, as per Thakkar.
Thakkar has suggested BUY Call for MGL with a stop loss of Rs 1,115, target at Rs 1,175.
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.