Mitessh Thakkar: BUY LTIMindtree, NMDC; SELL UltraTech Cement and Glenmark Pharma
Market expert Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today but we could see a range-bound session with selling pressure at higher levels. Indian markets have stayed firm in the recent weeks despite weakness in global stocks. US markets closed negative on Tuesday and we can expect further selling in US stocks this week.
Thakkar's has suggested BUY Call for LTIMindtree as the stock is looking strong on the charts. Traders can BUY the stock with Stop Loss at Rs 5,165 with target price of Rs 5,300.
Thakkar has suggested BUY Trade for NMDC at current levels with Stop Loss at Rs 116 and target price of Rs 127. The stock has been gaining ground and is looking positive at current levels.
Thakkar has suggested SELL Call for cement major UltraTech Cement at current price for a target of Rs 7,925 with Stop Loss at Rs 8,100.
Glenmark Pharmaceuticals is on Thakkar’s radar for the session. Traders can SELL Glenmark at current price with Stop Loss at Rs 807 for a target of Rs 777.
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.