Mitesh Thakkar: BUY Indian Oil, Britannia Industries; SELL Shree Cement and Biocon
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 range-bound trading session. Indian stocks have been staying firm over the last few sessions and the undertone of the markets is bullish. Many players are awaiting correction in equities.
Thakkar has suggested BUY Call for FMCG major Britannia Industries for a target price of Rs 3,710 with a stop loss at Rs 3,635. Other stock on Thakkar’s radar for the trading session is oil PSU Indian Oil. Traders can BUY Indian Oil for a target of Rs 112 a stop loss at Rs 105, as per Thakkar.
Thakkar has suggested SELL Trade for pharmaceutical major Biocon for a target of Rs 350 with a stop loss at Rs 373.
Thakkar has suggested SELL Call for cement major Shree Cement for a target of Rs 25,000 with a stop loss at Rs 26,500.
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.