Mitessh Thakkar: BUY Strides Arcolab, Aurobindo Pharma, Grasim; SELL NTPC
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open strong today and we could see NSE Nifty touching major resistance levels. US markets closed positive on Wednesday after US Federal Reserve increased rates by 75 basis points. Markets were expecting a rate hike and it was in line with market expectations.
Thakkar has suggested BUY Call for cement major Grasim for a target of Rs 1,368 with a stop loss at Rs 1,315. Traders can initiate a BUY Call for pharmaceutical counter Strides Arcolab for a target of Rs 338 with a stop loss at Rs 319, as per Thakkar.
Thakkar has suggested BUY Call for pharmaceutical major Aurobindo Pharma for a target of Rs 560 with a stop loss at Rs 534. The stock has suffered in the recent weeks and now is looking strong on the technical charts. Aurobindo Pharma has bounced back from lows and we could see sustained buying at lower levels.
Thakkar has suggested SELL Call for power sector PSU NTPC for a target of Rs 143 with a stop loss at Rs 152.
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.