Mitesh Thakkar: BUY Cipla, Biocon, HDFC Life; SELL Hero MotoCorp
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets have recovered quickly from one day decline on Tuesday. We can expect markets to open positive today and momentum could take stocks higher before Christmas.
Thakkar has suggested BUY Call for Biocon with a stop loss of Rs 470, target at Rs 505. Other stock from pharmaceutical sector on Thakkar’s radar for the session is Cipla. Traders can BUY pharmaceutical major Cipla with a stop loss of Rs 807, target at Rs 860, as per Thakkar.
Traders can BUY HDFC Life with a stop loss of Rs 640, target at Rs 665, as per Thakkar.
Thakkar has suggested SELL Call for automobile major Hero MotoCorp with a stop loss of Rs 3,075, target at Rs 2,965.
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.