Mitesh Thakkar: BUY Cipla, SAIL, Pidilite and L&T Infotech
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a bullish outlook for Indian markets. US markets closed positive on Thursday with Nasdaq gaining impressively even after inflation data came higher than analyst expectations. Asian markets have been trading positive this morning and we can expect Indian stocks to open strong.
Thakkar has suggested BUY Call for Pidilite with a stop loss of Rs 2,109, target at Rs 2,180. Other stock on Thakkar’s buying list for the day is L&T Infotech. Traders can BUY L&T Infotech with a stop loss of 4,000, target at Rs 4,140, as per Thakkar.
Thakkar has suggested BUY Call for PSU steel major SAIL with a stop loss of Rs 125, target at Rs 135.
Among pharmaceutical stocks, Cipla is looking strong on the charts. Traders can BUY Cipla with a stop loss of Rs 960, target at Rs 1,000, 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.