Mitessh Thakkar: BUY Bajaj Auto, UBL, Biocon; SELL IPCA Labs
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 European and US markets closed positive on Monday after facing selling pressure last week. Positive global cues could help NSE Nifty to cross major resistance levels in today’s trade.
Thakkar has suggested BUY Call for UBL with a stop loss of Rs 1,515 and a target of Rs 1,565. Traders can initiate a BUY Trade for automobile major Bajaj Auto with a stop loss of Rs 3,655 and a target of Rs 3,750, as per Thakkar. Automobile companies are looking strong at the moment and Bajaj Auto is technically strong counter at current levels.
Thakkar has suggested BUY Call for Biocon with a stop loss of Rs 374 and a target of Rs 393.
Traders can initiate a SELL Trade for IPCA Labs with a stop loss of Rs 1,006 and a target of Rs 960, 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.