Mitessh Thakkar: BUY Glenmark, Hindustan Aeronautics; SELL Apollo Tyres and Indiabulls Housing
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we can witness a range-bound session. US markets closed mixed on Wednesday as Nasdaq was trading lower while Dow Jones closed almost flat. Indian markets are showing bullish trends but the global cues are muted today. NSE Nifty has been hovering around 18400 and 18550 is proving to be a major resistance for Nifty.
Thakkar has suggested BUY Call for Hindustan Aeronautics for a target of Rs 2,800 with a stop loss at Rs 2,620. Traders can initiate a BUY Trade for pharmaceutical counter Glenmark Pharmaceuticals for a target of Rs 450 with a stop loss at Rs 422. The stock is looking strong on the charts.
Thakkar has suggested SELL Trade for Apollo Tyres for a target of Rs 265 with a stop loss at Rs 282. Thakkar has suggested SELL Call for Indiabulls Housing Finance for a target of Rs 114 with a stop loss at Rs 127.
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.