Mitesh Thakkar: BUY Jindal Steel; SELL Cipla, REC and Zee Entertainment
Market analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open flat today but we can expect selling pressure in the markets. Global market trends have turned negative yesterday with US and European indices registering losses. Indian market is expected to trade lower today.
Thakkar has suggested only one BUY Call for today’s trading session. Traders can BUY Jindal Steel for a target of Rs 433 with stop loss at Rs 412, as per Thakkar.
Pharmaceutical major Cipla is on Thakkar’s SELL list for the trading session. Traders can SELL Cipla for a target of Rs 890 with a stop loss at Rs 925, as per Thakkar.
Thakkar has suggested SELL Call for REC for a target of Rs 138 with a stop loss at Rs 148. Traders can SELL Zee Entertainment for a target of Rs 190 with a stop loss at Rs 205, as per Thakkar. Zee Entertainment has been suggested as a SELL Trade by Sudarshan Sukhani as well.
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.