Mitesh Thakkar: BUY ITC, HDFC Life, Siemens; SELL SUN TV
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trade. Indian markets are expected to open positive for today’s trading session. US elections results will be coming today and we could get clarity about the next US President by the end of the trading session. Dow Jones was trading high during the session on Tuesday and the market ended almost 2 percent higher.
Thakkar has suggested BUY Call for insurance major HDFC Life with a stop loss of Rs 589.80, target at Rs 620. FMCG major ITC is also on Thakkar’s buying list for the day and this stock is looking strong on the charts. Traders can BUY ITC with a stop loss of Rs 168, target at Rs 176, as per Thakkar.
Thakkar has suggested BUY Call for engineering major Siemens with a stop loss of Rs 1,288, target at Rs 1,345.
Thakkar has suggested a SELL Trade for South Indian broadcaster Sun TV with a stop loss of Rs 421, target at Rs 400.
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.