Mitesh Thakkar: BUY Mahanagar Gas, Jindal Steel, Aurobindo Pharma; SELL ITC
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets have been trading around their all-time highs over the last few trading sessions. Some stocks are looking overvalued but the market sentiment is bullish and trading sessions have been positive. As the global cues were muted during the weekend, we can expect Indian markets to open lower today.
Thakkar has suggested BUY Call for pharmaceutical counter Aurobindo Pharma with a stop loss of Rs 992, target at Rs 1,045. Thakkar has suggested BUY Call for Jindal Steel & Power with a stop loss of Rs 412, target at Rs 440.
Thakkar has suggested BUY Call for PSU energy major Mahanagar Gas Limited with a stop loss of Rs 1,214, target at Rs 1,270.
FMCG major ITC is on Thakkar’s selling list for the trading session. Traders can SELL ITC with a stop loss of Rs 211, target at Rs 202, 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.