Mitesh Thakkar: BUY ITC, Berger Paints; SELL Sun Pharma and United Spirits
Market expert Mitesh Thakkar has suggested two BUY calls and two SELL calls for today’s trading session. Indian markets are expected to trade negative today as markets have witnessed a strong rally in the recent weeks. While traders and market analysts were expecting a small correction, the decline in US stock markets will add to selling pressure on markets today. Indian markets declined in yesterday’s session and we could see selling stretching in today’s session as well.
Thakkar has suggested traders to BUY ITC with a stop loss of Rs 187.9, target at Rs 200. Market expert Ashwani Gujral has also suggested BUY Call for ITC today. Other stock on Thakkar’s list for today is Berger Paints. Traders can Buy Berger Paints with a stop loss of Rs 530, target at Rs 560. Ashwani Gujral has also recommended BUY Call for Asian Paints today.
Mitesh Thakkar has suggested SELL Call for United Spirits with a stop loss of Rs 616, target at Rs 588. Other stock on Thakkar’s selling list is from pharmaceutical sector. Traders can Sell Sun Pharma with a stop loss of Rs 491, target at Rs 466, as per Thakkar.
Trades should be carried with strict Stop Loss as markets are highly volatile these days. TopNews will review trading call performance by the end of the trading session.