Mitesh Thakkar: BUY Cadila, Tata Motors and Motherson Sumi; SELL ICICI Prudential

Mitesh Thakkar: BUY Cadila, Tata Motors and Motherson Sumi; SELL ICICI Prudential

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL call for today’s trading session, suggesting a bullish view on Indian markets. Indian markets have witnessed selling pressure at the higher levels during the last few trading sessions. Dow Jones closed nearly one percent higher on Monday and Asian markets have been trading positive today. We can expect positive opening for Indian markets.

Thakkar has suggested BUY Call for pharmaceutical major Cadila with a stop loss of Rs 388, target at Rs 406. Among automobile stocks, Thakkar has suggested BUY Call for Tata Motors and Motherson Sumi. Traders can Buy Motherson Sumi with a stop loss of Rs 96, target at Rs 101, as per Thakkar. Traders can initiate a BUY Trade in Tata Motors with a stop loss of Rs 109, target at Rs 121.

Thakkar has suggested Sell ICICI Prudential with a stop loss of Rs 445, target at Rs 425 as the stock is looking weak on technical charts.

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.

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