Mitesh Thakkar: BUY Siemens, Mindtree; SELL Bata India and United Spirits
Market analyst Mitesh Thakkar has suggested two BUY calls and two SELL calls for today’s trading session. Indian markets are expected to open positive on Monday as US markets closed nearly 1.5 percent higher on Friday. Indian markets will be mainly dependent on quarterly results in the coming weeks.
Thakkar has suggested BUY Call for engineering major Siemens India. Traders can BUY Siemens with a stop loss of Rs 1,117, target at Rs 1,175. Other stock on Thakkar’s radar for the trading session is MindTree. Traders can Buy Mindtree with a stop loss of Rs 989, target at Rs 1,040 as the stock is looking strong on the charts.
Thakkar has suggested Sell call for United Spirits with a stop loss of Rs 624.8, target at Rs 600. Other stock on Thakkar’s selling list for the day is Bata India. Traders can initiate a Sell trade in Bata India with a stop loss of Rs 1,286, target at Rs 1,240.
All trades should be conducted with strict Stop Loss in order to avoid any major loss in case the markets don’t perform as expected. TopNews will review trading call performance by the end of the trading session.