Mitessh Thakkar: BUY Ambuja Cements, Zydus Lifesciences; SELL ICICI Bank and Honeywell
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open strong today as global trends have turned positive after a major decline over the last few trading sessions. Indian markets have suffered a massive decline in the recent times and we can expect a pullback rally.
Thakkar has suggested BUY Call for cement counter Ambuja Cements for a target of Rs 386 with a stop loss at Rs 367. Thakkar has suggested BUY Call for Zydus Lifesciences for a target of Rs 346 with a stop loss at Rs 327. The stock is looking strong on the charts.
Thakkar has suggested SELL Call for Honeywell Automation for a target of Rs 36,000 with a stop loss at Rs 38,300. Traders can SELL private banking counter ICICI Bank for a target of Rs 680 with a stop loss at Rs 711, 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.