Mitessh Thakkar: BUY Reliance, Lupin, PNB and Adani Transmission
Market analyst Mitesh Thakkar has suggested four BUY Calls for today and no SELL calls, suggesting bullish outlook for Indian markets today. US markets closed strong on Monday and US Federal Reserve has indicated fresh moves to help financial sector. Asian stocks have been trading strong and we can expect strong opening for Indian markets as well with NSE Nifty crossing 10,000 mark once again.
Reliance Industries has been showing strength over the last few weeks as the company started announcing investments in Jio Platforms. As Reliance has announced a new investment almost every week for the last 10 weeks, markets players are bullish about the company. Reliance would be able to reduce its debt much earlier than the estimated date given by the management for going debt-free. The positive surprises from the biggest listed company on Indian markets have kept the Reliance stock strong. Thakkar has suggested BUY call for Reliance Industries with a stop loss of Rs 1,593, target at Rs 1,660.
Thakkar has also suggested BUY Call for pharmaceutical major Lupin. Technical analyst Sudarshan Sukhani has also suggested BUY call for Lupin today. Traders can Buy Lupin with a stop loss of Rs 925, target at Rs 980.
In a surprise move, Thakkar has suggested BUY Call for PSU bank Punjab National Bank. Traders can BUY Punjab National Bank with a stop loss of Rs 32, target at Rs 37. Thakkar has also suggested BUY Call for Adani Transmission with a stop loss of Rs 203, target at Rs 222.
TopNews will review trading call performance by the end of the trading session. Traders should keep strict Stop Loss for all the trades.