Mitesh Thakkar: BUY Cipla, Bharti Airtel; SELL Bajaj Finserv and Hindustan Unilever
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to remain range-bound for today’s trade due to absence of any major triggers. Many Indian stocks have witnessed a strong rally in the last three months and if the next quarterly results don’t come as per investor expectations, we could see selling in those counters. Market players are cautious and we have witnessed selling pressure at higher levels.
Thakkar has suggested BUY Call for pharmaceutical major Cipla as the stock is near its 52-week high and doesn’t seem to have any major resistance. Traders can BUY Cipla with a stop loss of Rs 794, target at Rs 830. Thakkar has also suggested BUY Call for telecom major Bharti Airtel with a stop loss of Rs 492, target at Rs 515.
Thakkar has suggested SELL Call for financial services major Bajaj Finserv with a stop loss of Rs 5,955, target at Rs 5,700. Thakkar has also suggested SELL Call for Hindustan Unilever. The stock is also on SELLING list of market expert Ashwani Gujral for today’s session. Traders can SELL HUL with a stop loss of Rs 2,121, target at Rs 2,055, as per Thakkar.
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.