Mitesh Thakkar: BUY Piramal Enterprises, Dalmia Bharat, MGL and Divis
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open slightly negative today and we can witness a range-bound session today. US markets closed negative on Thursday after Federal Reserve announced rate hike on Wednesday. Global market sentiment is mixed and Asian stocks were trading mixed this morning. Indian markets are showcasing bullish sentiment but global cues are muted.
Thakkar has suggested BUY Call for pharmaceutical counter Divi's Laboratories for a target of Rs 3,880 with a stop loss at Rs 3,730. Traders can initiate a BUY Trade for Piramal Enterprises for a target of Rs 930 with a stop loss at Rs 880, as per Thakkar.
Thakkar has suggested BUY Call for Dalmia Bharat for a target of Rs 1,700 with a stop loss at Rs 1,635. Traders can BUY MGL for a target of Rs 910 with a stop loss at Rs 875, as per Thakkar. The stock is looking strong 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.