Mitesh Thakkar: BUY Lupin, Cadila HealthCare and UPL; SELL Bajaj Finance

Mitesh Thakkar: BUY Lupin, Cadila HealthCare and UPL; SELL Bajaj Finance

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open negative today and we could see selling pressure in select stocks in today’s trade. Indian markets have been touching fresh all-time high over the last few trading sessions and many blue-chip stocks are currently looking over-valued. We can expect a correction in NSE Nifty and an immediate support would be 14,335 for NSE Nifty.

Thakkar has suggested BUY Call for two pharmaceutical companies for today’s session. Traders can BUY Cadila Healthcare with a stop loss of Rs 493, target at Rs 525, as per Thakkar. Thakkar has suggested BUY Call for pharmaceutical major Lupin with a stop loss of Rs 1,074, target at Rs 1,140.

Traders can BUY UPL with a stop loss of Rs 502.5, target at Rs 525, as per Thakkar.

Traders can SELL financial services major Bajaj Finance with a stop loss of Rs 4,920, target at Rs 4,800, as per Thakkar.

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.

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