Mitesh Thakkar: BUY Cipla, IndiaBulls Housing; SELL Britannia and Eicher Motors
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are trading near their all-time highs for NSE Nifty and BSE Sensex and we can expect a correction any time. The last correction was reversed after the finance minister announced a positive Union Budget and markets rallied. However, we can expect selling pressure in select stocks and it could also end up as a wide-range market correction.
Thakkar has suggested BUY Call for pharmaceutical major Cipla with a stop loss of Rs 850, target at Rs 885. Traders can BUY Indiabulls Housing with a stop loss of Rs 225, target at Rs 244, as per Thakkar.
Thakkar has suggested SELL trade for FMCG major Britannia with a stop loss of Rs 3,461, target at Rs 3,340. Traders can initiate a SELL Trade for Eicher Motors with a stop loss of Rs 2,931, target at Rs 2,830, 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.