Mitesh Thakkar: BUY Sun Pharma, Cipla; SELL NTPC and SAIL
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. As Asian markets have been trading lower, Indian stock markets are expected to open negative for today’s session. We could expect recovery during the afternoon session and the closing would depend on the trends in the European stock markets.
Thakkar has suggested BUY Calls for two pharmaceutical companies. Traders can BUY Cipla with a stop loss of Rs 742, target at Rs 775, as per Thakkar. Market analyst Sudarshan Sukhani has also suggested BUY Call for today’s session for Cipla. Thakkar has suggested BUY Trade for Sun Pharma with a stop loss of Rs 509, target at Rs 530.
Thakkar has suggested SELL Trade for steel major SAIL with a stop loss of Rs 39.2, target at Rs 36. Traders can initiate SELL Trade for PSU counter NTPC with a stop loss of Rs 91.65, target at Rs 85, 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.