Mitessh Thakkar: BUY Coromandel International, SUN TV; SELL Granules India and Pidilite Industries
Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open negative today and we could see further weakness in equities during the session. NSE Nifty could go below major support level of 19,500 and there can be fresh selling across the board. US markets closed flat on Thursday but the sentiment is bearish. We could see short term correction in Indian markets if NSE Nifty fails to hold support levels in today’s trade.
Thakkar has suggested BUY Call for Coromandel International at current levels for target of Rs 1,110 with Stop Loss at Rs 1,060. The stock is looking strong on technical charts. Thakkar has suggested BUY Trade for South Indian broadcaster Sun TV at current price for a target of Rs 570 with Stop Loss at Rs 540. The stock can offer good returns in short term trades.
Thakkar has suggested SELL Call for Granules India at current level for a target of Rs 290 with a stop loss at Rs 308. Thakkar has suggested SELL Trade for Pidilite Industries at current price for a target of Rs 2,450 with Stop Loss at Rs 2,580. The stock can see further decline in today’s session.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.