Mitessh Thakkar: BUY IDFC, CoForge; SELL Glenmark and Zydus
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 could witness selling pressure during the session. US markets closed slightly positive on Friday but overall trend seems positive. Asian markets were trading mixed this morning.
Thakkar has suggested BUY Call for Coforge for a target of Rs 3,850 with a stop loss at Rs 3,660. Traders can initiate a BUY Trade for IDFC for a target of Rs 58 with a stop loss at Rs 54, as per Thakkar.
Thakkar has suggested SELL Call for pharmaceutical counter Glenmark with a stop loss at Rs 380 for a target of Rs 360. Traders can SELL Zydus for a target of Rs 340 with a stop loss at Rs 355, 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.