Mitesh Thakkar: BUY UltraTech Cement, Hindalco, Shree Cement and Adani Enterprises
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL calls for today’s session. Indian markets are expected to open strong today as markets have crossed a major resistance level. We could see stock specific action.
Thakkar believes that cement sector could be in focus today and we could see action in cement stocks as buying continues. Traders can BUY UltraTech Cement with a stop loss of Rs 4,050, target at Rs 4,300. Traders can Buy Shree Cement with a stop loss of Rs 21,600, target at Rs 22,800, as per Thakkar.
Thakkar has suggested Buy Call for metal counter Hindalco with a stop loss of Rs 161, target at Rs 172. Traders can initiate Buy trade in Adani Enterprises with a stop loss of Rs 169.90, target at Rs 181, as per Thakkar.
Indian markets are expected to trade strong as bulls are in charge at the moment. We could see buying in select stocks and many sectors have started participating in the current rally.
TopNews will review trading call performance by the end of the trading session.