Mitessh Thakkar: BUY India Cements, L&T, Power Grid and SBI Life
Market analyst Mitesh Thakkar has suggested four BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today as Asian markets were trading down in the morning with China losing nearly 2.5 percent. US markets closed positive on Friday but we could see selling pressure during the early session in India. Markets are looking forward to quarterly results.
Thakkar has suggested BUY Call for India Cement for a target of Rs 181 with a stop loss at Rs 168. Traders can initiate a BUY Trade for infrastructure major L&T for a target of Rs 1,750 with a stop loss at Rs 1,650.
Thakkar has suggested BUY Call for PSU power counter Power Grid for a target of Rs 225 with a stop loss at Rs 214. Traders can BUY SBI Life for a target of Rs 1,200 with a stop loss at Rs 1,140, 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.