Mitesh Thakkar: BUY Dr Reddy’s, Torrent Pharma, Tata Chemicals; SELL IndiGo
Technical analyst Mitesh Thakkar has suggested three BUY calls and one SELL call for today’s trading session. Indian markets are expected to trade strong today as Asian markets have given strong cues. Dow Jones closed more than 2 percent higher on Tuesday. Indian markets closed negative yesterday but we can expect a gap-up opening for markets today.
Thakkar has suggested BUY calls for two pharmaceutical companies for today’s trading session. Traders can initiate a BUY trade in Torrent Pharma with a stop loss of Rs 2,394, target at Rs 2,490. Thakkar has also suggested BUY Call for Dr Reddy's with a stop loss of Rs 3,940, target at Rs 4,100. Dr. Reddy’s has also been suggested as BUY Call by technical analyst Sudarshan Sukhani.
Thakkar has suggested BUY Call for Tata Chemicals as the stock is looking strong on the charts. Traders can Buy Tata Chemicals with a stop loss of Rs 301, target at Rs 316, as per Thakkar.
Thakkar has suggested only one SELL call for today’s session, for aviation major IndiGo. Traders can Sell IndiGo with a stop loss of Rs 988, target at Rs 920.
TopNews team will review performance of trading calls by the end of the trading session. Trades should be carried out with strict Stop Loss.