Mitesh Thakkar: BUY Siemens, PFC; SELL Grasim and Cholamandalam
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open strong today as Asian markets have been trading positive. However, we can expect selling pressure in the markets as local cues are still negative. Indian stocks declined on Wednesday and we can expect markets to follow global trends in today’s session. US markets closed positive on Thursday.
Thakkar has suggested BUY Call for PFC with a stop loss of Rs 113, target at Rs 121. Among engineering stocks, Siemens is on Thakkar’s list for the trading session. Traders can BUY Siemens with a stop loss of Rs 1,945, target at Rs 1,070, as per Thakkar.
Thakkar has suggested SELL Trade for Cholamandalam with a stop loss of Rs 530, target at Rs 500. Traders can initiate SELL Trade for cement major Grasim with a stop loss of Rs 1,426, target at Rs 1,380, 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.