Mitesh Thakkar: BUY Cummins, Escorts; SELL UPL and ACC
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we can expect a volatile session. US markets closed slightly lower yesterday after Nasdaq touched an all-time high. Global markets have been sending mixed signals with slight weakness in Asian markets. Stock specific action can be witnessed in the Indian markets this week.
Thakkar has suggested BUY Call for Cummins with a stop loss of Rs 885, target at Rs 930. Traders can initiate a BUY Trade for automobile major Escorts with a stop loss of Rs 1,200, target at Rs 1,260, as per Thakkar.
Thakkar has suggested SELL Trade for cement major ACC with a stop loss of Rs 2,025, target at Rs 1,978. Traders can SELL UPL with a stop loss of Rs 805, target at Rs 770, 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.