Mitesh Thakkar: BUY Cipla, ONGC and Cadila Healthcare; SELL Page Industries
Markets analyst Mitesh Thakkar has suggested two BUY Calls for pharmaceutical companies and one SELL call for Page Industries for traders today. Indian markets are expected to open strong today and if European markets open positive, we can expect a recovery in the markets by the afternoon session. The US and Asian stocks have been trading strong after recent declines.
Mitesh Thakkar suggests traders to Buy Cipla with a stop loss of Rs 604, target of Rs 627. Cipla is hovering around its 52-week high and we could see further strength in this stock. Pharmaceutical companies are in demand and the complete sector could see a re-rating by research houses. Other stock recommended for BUY in today’s trader by Thakkar is Cadila Healthcare. Traders can Buy Cadila Healthcare with a stop loss of Rs 323, target of Rs 346.
Thakkar has also given Buy Call for energy company ONGC with a stop loss of Rs 74, target of Rs 81.
Thakkar has suggested SELL call for Jockey’s Indian partner Page Industries for day traders. Traders can Sell Page Industries with a stop loss of Rs 18,000, target of Rs 16,200.
Please keep a strict stop loss for all the trades as markets are highly volatile. TopNews will review the trading calls at the end of the trading session.