Mitesh Thakkar: BUY Cipla, Britannia, Indraprastha Gas; SELL Escorts
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trade. Indian markets are expected to open negative today and we could see selling pressure in stocks. Markets have witnessed a strong rally in the past few weeks and there hasn’t been any correction. It is quite possible that bulls will take a breather and markets could see some decline this week.
Thakkar has suggested BUY Trade for FMCG major Britannia with a stop loss of Rs 3,734, target at Rs 3,860.
Pharmaceutical and technology companies have been market favorites for the past few months. Thakkar has suggested BUY Call for pharmaceutical major Cipla with a stop loss of Rs 774.5, target at Rs 820.
Traders can BUY Indraprastha Gas with a stop loss of Rs 486, target at Rs 515, as per Thakkar.
Thakkar has suggested SELL Call for automobile major Escorts with a stop loss of Rs 1,350, target at Rs 1,300.
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.