Mitessh Thakkar: BUY Hindalco, Hindustan Copper, Siemens; SELL Cipla
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we can expect selling pressure unless the US futures market opens positive. Indian markets have been trading in a narrow range over the last few sessions. US market participants are concerned about imminent rate hikes and the state of the economy. Markets could stay range-bound today with negative bias.
Thakkar has suggested BUY Call for Hindustan Copper at current levels for a target of Rs 135 with a stop loss at Rs 122. Thakkar has suggested BUY Call for metal counter Hindalco at current price for a target of Rs 510 with a stop loss at Rs 480.
Thakkar has suggested BUY Call for engineering major Siemens at current price for a target of Rs 3,010 with a stop loss at Rs 2,905.
Thakkar has suggested SELL Call for pharmaceutical major Cipla at current price for a target of Rs 1,010 with a stop loss at Rs 1,066.
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.