Mitesh Thakkar: BUY Dr Reddy’s, Lupin; SELL Berger Paints and Apollo Tyres
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today as COVID-19 cases continue to rise across India. The US and European markets closed positive on Wednesday while Indian markets were closed on account of Ram Navmi. However, Indian markets could still face weakness due to uncertainty about lockdowns in various parts of India. Markets could see decline in today’s trading session but there is also a possibility of taking support from lower levels.
Thakkar has suggested two BUY Calls for pharmaceutical companies. Traders can BUY Lupin with a stop loss of Rs 1,074, target at Rs 1,120 as per Thakkar. Traders can initiate a BUY Trade for Dr Reddy's with a stop loss of Rs 5,050, target at Rs 5,400, as per Thakkar.
Thakkar has suggested SELL trade for Berger Paints with a stop loss of Rs 721, target at Rs 680. Traders can SELL Apollo Tyres with a stop loss of Rs 205.5, target at Rs 194, 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.