Mitesh Thakkar: BUY Larsen & Toubro, Sun TV, Ajanta Pharma and Dr Reddy’s
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trading session, indicating a bullish outlook for Indian markets. Markets have been making new highs every week as bulls are still in control. Many stocks have touched 52-week or even all-time highs in the recent weeks. Indian markets are expected to open strong but we could see some selling during the afternoon session.
Thakkar has suggested BUY Call for pharmaceutical major Dr Reddy's Laboratories with a stop loss of Rs 4,915, target at Rs 5,250. Thakkar has suggested BUY Call for Ajanta Pharma with a stop loss of Rs 1,665, target at Rs 1,730.
Other stock on Thakkar’s radar for the day is infrastructure major Larsen & Toubro. Traders can BUY Larsen & Toubro with a stop loss of Rs 1,149, target at Rs 1,210, as per Thakkar.
Thakkar has suggested BUY Call for south based broadcaster Sun TV with a stop loss of Rs 453, target at Rs 485.
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.