Mitesh Thakkar: BUY Cadila HealthCare, ICICI Lombard, Federal Bank, SELL Asian Paints
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets declined in yesterday’s trade and FIIs were net sellers yesterday. US markets registered gains as Nasdaq and S&P touched all-time high during the session. Dow Jones closed lower on Monday. Asian markets have been trading negative this morning and we can expect Indian markets to open slightly lower.
Thakkar has suggested SELL Trade for Asian Paints with a stop loss of Rs 3,010, target at Rs 2,922. The stock is looking weak on the charts and it has witnessed a strong rally in the recent months.
Thakkar has suggested BUY Call for pharmaceutical major Cadila HealthCare with a stop loss of Rs 630, target at Rs 665. Traders can initiate a BUY Trade for private banking counter Federal Bank with a stop loss of Rs 85.5, target at Rs 91.5, as per Thakkar.
Thakkar has suggested BUY Call for ICICI Lombard with a stop loss of Rs 1,574, target at Rs 1,650.
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.