Mitesh Thakkar: BUY ICICI Bank, ITC; SELL Cadila HealthCare and HDFC Bank
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 also expect selling pressure at higher levels. Markets are lacking any major triggers and unless the trends change in the global markets, Indian markets could remain range-bound this week. Asian markets were trading mixed this morning.
Thakkar has suggested BUY Call for FMCG major ITC with a stop loss of Rs 209, target at Rs 218. Traders can initiate a BUY Call for private banking major ICICI Bank with a stop loss of Rs 668, target at Rs 692, as per Thakkar.
Thakkar has suggested SELL Call for Cadila with a stop loss of Rs 623, target at Rs 600. Private banking major HDFC Bank is also on Thakkar’s selling list for the day. Traders can SELL HDFC Bank a stop loss of Rs 1460, target at Rs 1400, 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.