Mitesh Thakkar: BUY Pidilite, ICICI Lombard, Can Fin Homes; SELL HAL
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets registered a smart recovery in yesterday’s session after a decline seen on Monday. The markets are looking positive again as the US and European recovered yesterday. Indian markets are expected to open positive today and we can also see a strong recovery in mid-cap counters.
Thakkar has suggested BUY Call for insurance major ICICI Lombard General Insurance above Rs 1,651 for a target of Rs 1,700 with a stop loss at Rs 1,632. Traders can initiate a BUY Trade for Can Fin Homes for a target of Rs 650 with a stop loss at Rs 612, as per Thakkar.
Thakkar has suggested BUY Call for Pidilite for a target of Rs 2,475 with a stop loss at Rs 2,410.
Traders can SELL HAL below Rs 1,340 for a target of Rs 1,300 with a stop loss at Rs 1360, as per Thakkar. The stock is looking weak on the charts.
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.