Mitesh Thakkar: BUY Cipla, Balkrishna Industries, ACC; SELL M&M Finance
Market expert Mitesh Thakkar has suggested three BUY Calls and one SELL call for traders today suggesting positive sentiment for Indian markets today. Asian markets have been trading strong this morning as investors are optimistic about economic activity crawling back to normal. Dow Jones closed flat on Monday and Indian markets are expected to open strong today.
Thakkar has suggested BUY Call for cement major ACC. ACC is also on buying list of technical trading expert Sudarshan Sukhani for today. Thakkar suggests Buy call for ACC with a stop loss of Rs 1,209, target at Rs 1,260.
Other stock on Thakkar’s BUY list for the trading session is commercial vehicle tires manufacturer Balkrishna Industries. Traders can Buy Balkrishna Industries (BKT) with a stop loss of Rs 975, target at Rs 1,030. Thakkar has also suggested CIPLA for today’s trade. Sudarshan Sukhani also has Cipla on his BUY list for the trading session. Traders can Buy Cipla with a stop loss of Rs 623, target at Rs 670 as per Mitesh Thakkar.
Thakkar has only one SELL call for the trading session. Traders can Sell M&M Finance with a stop loss of Rs 134.75, target at Rs 120.
TopNews will review performance of trading calls by the end of the trading session. Indian markets could trade range-bound for today but we expect a positive closing for the market. Traders can have a good session as volatility has dropped during the last few trading sessions.