Mitesh Thakkar: BUY Marico, Aurobindo Pharma, Cipla; SELL Reliance
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we could see selling pressure in select stocks. Markets have been trading strong for the last few weeks and we can expect markets to remain strong till the time NSE Nifty remains above 13,370, a strong support for NSE Nifty.
Thakkar has two pharmaceutical counters on his radar for today’s trading session. Traders can BUY pharmaceutical major Aurobindo Pharma with a stop loss of Rs 950, target at Rs 999, as per Thakkar. Traders can initiate a BUY trade for Cipla with a stop loss of Rs 840, target at Rs 890.
Thakkar has suggested BUY Call for FMCG major Marico with a stop loss of Rs 424, target at Rs 445.
Thakkar has suggested SELL Call for Reliance Industries with a stop loss of Rs 1,920, target at Rs 1,850.
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.