Mitesh Thakkar: BUY Biocon, Asian Paints, Pidilite; SELL Powergrid
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 see stock specific action today. RBI will have monetary policy meeting today and the decision of MPC can lead to volatility in the markets. Markets are expected to close positive today as per technical charts.
Thakkar has suggested BUY Call for Asian Paints with a stop loss of Rs 2,580, target at Rs 2,700. Traders can initiate a BUY trade for pharmaceutical major Biocon with a stop loss of Rs 408, target at Rs 428, as per Thakkar.
Thakkar has suggested BUY Call for Pidilite with a stop loss of Rs 1,835, target at Rs 2,000 as the stock is looking strong on the charts.
Thakkar has suggested SELL Trade for Powergrid with a stop loss of Rs 214, target at Rs 200.
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.