Mitesh Thakkar: BUY Lupin, Cadila Health, Larsen & Toubro; SELL Hindustan Unilever
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL call for today’s trading session. Indian markets are expected to open strong on Monday and we could see stock-specific action. US markets closed flat on Friday and Asian markets have been trading mixed on Monday.
Thakkar has suggested traders to initiate a Buy trade in Cadila Healthcare with a stop loss of Rs 390, target at Rs 406. Other stock from pharmaceutical sector on Thakkar’s list for the day is Lupin. Traders can BUY Lupin with a stop loss of Rs 990, target at Rs 1,080, as per Thakkar.
Thakkar has also suggested BUY Call for infrastructure major L&T with a stop loss of Rs 970, target at Rs 1,030.
Thakkar has suggested SELL call for FMCG major Hindustan Unilever. Traders can initiate a SELL trade in HUL with a stop loss of Rs 2,211, target at Rs 2,140.
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.