Mitessh Thakkar: BUY Asian Paints, Aurobindo Pharma, Mindtree; SELL IDFC
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today and we can see marketing trading in a narrow range for today’s session. Indian markets are looking forward to US and European markets. US Federal Reserve will be announcing interest rate hike today and the direction of US market will depend on Federal Reserve’s plan on future rate hikes. Indian markets are looking positive as NSE Nifty is above is major resistance levels.
Thakkar has suggested BUY Call for Asian Paints at current levels for a target of Rs 3,210 with a stop loss at Rs 3,115. Traders can initiate a BUY Trade for Mindtree at current price for a target of Rs 3,600 with a stop loss at Rs 3,465, as per Thakkar.
Thakkar has suggested BUY Call for Aurobindo Pharma if the stock trades above Rs 552. The target suggested for Aurobindo Pharma is Rs 570 with a stop loss at Rs 544. The stock has given a breakout in the recent sessions and with Sun Pharma touching all-time highs, this counter could also see strong performance.
Thakkar has suggested SELL Call for IDFC Limited at current levels for a target of Rs 73 with a stop loss at Rs 78.
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.