Mitesh Thakkar: BUY HDFC Life, Vedanta, UltraTech Cement and Concor
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trade, suggesting a positive outlook for Indian markets. Indian markets witnessed its strongest closing in many months during yesterday’s trading session. After Union Budget was announced in the parliament, stock markets cheered the steps announced by Finance Minister. Indian markets are expected to open strong today and we can expect buying in many sectors.
Thakkar has suggested BUY Trade for insurance provider HDFC Life with a stop loss of Rs 690, target at Rs 725.
Traders can initiate a BUY Trade for cement major UltraTech Cement with a stop loss of Rs 5,690, target at Rs 6,000, as per Thakkar. Traders can BUY Vedanta with a stop loss of Rs 167, target at Rs 178, as per Thakkar.
Thakkar has suggested BUY Trade for Concor with a stop loss of Rs 448, target at Rs 468.
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.